BSA 375 Week 1 DQ 1 - ,cost, ., .

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Effective management of competing project demands such as time, cost, and quality is critical to the  success or failure experienced by an IT project. IT projects can often go out of radar, missing their original  schedules and budget by far. To allocate resources and manage them efficiently between varying  demands of projects, a formal management structure is a must. The precision and legitimacy of a  project’s requirements connotes the usage of project management. If biases creep into project  specifications, compromised results and failed projects could follow. While it is true that heuristics have  the potential to extend vital assistance in the process of decision-making in complex environments, they  can still create problems in the dynamic environment of an IT project. Inappropriate comparisons, data 
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This note was uploaded on 11/21/2011 for the course BSA/375 BRBSIT911 taught by Professor Shawnpullum during the Spring '10 term at University of Phoenix.

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