Project Objectives
Three basic objectives that a project must meet to ensure its successful conclusion:
- Time Objective - Cost Objective - Quality Objective
Often drawn on the corners of a triangle, the objectives form the basis of the project's strategic information. They also relate to one another; for example a reduction in time may incur additional cost or may reduce overall quality. Project objectives are often a contractual agreement between the project manager, the project's sponsor and the project's stakeholders.
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