Answer: A project is a plan consisting of a set of activities that are interrelated and coordinated. It is used to achieve specific objectives within the limits imposed by time and funds available.
Explanation:
A: Time-constrain, Scope-enhance, Cost-accept
This is a situation that exists in offices, when employees are asked to complete a task within a specified deadline thereby causing time constrain. It is a professional project and the employee needs to enhance the scope of the project as much as they possibly can. It is a professional project where the employer is expected to cover all expenses incurred. This kind of project is found in final year projects of a Bachelors or a Masters Degree program and a company thriving in a particular field and wants to set up a completely different sector.
B: Time-accept, Scope-constrain, Cost-accept
This concept sets the foundation for a successful launch and keeps the company ahead of its competition. A company carry out a research an app or application which their client will like to have and focus on it. This is used in development of an application or software.
C: Time-constrain, Scope-accept, Cost-enhance
This situation affects those in the manufacturing industry. The project must be completed on a specific date, the scope can be scaled back in order to meet cost and time objectives and when possible seek opportunities to reduce costs. Here, the company is accepting scope changes while trying to enhance the costs while at the same time conforming to their fixed schedule.
