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Explain the tools used to mange Tradeoffs in MSF.[Tradeoff triangle and project tradeoff matrix] Trade-off triangle:
It is suggested that a project is a balance between following variables:
a. Resources
b. Schedule
c. Features
These variables are represented with the sides of the trade-off triangle. The trade-off triangle suggests that if any of the side changes in the triangle, then other sides (one or both) need to change in order to maintain balance.
Project trade-off matrix:
It is a tool to manage project trade-offs. This is kind of a signed agreement with the customer to find the priorities of the variables while making trade-off decisions. This matrix allows categorizing the variables into 3 sections: fixed, chosen, adjustable. Fixed constraints are unchangeable, chosen are desirable priorities and the adjustable ones are to keep a balanced for fixed and chosen ones.
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