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The Complete Idiot's Guide to Project Management, 5th Edition by G. Michael Campbell PMP, G. Michael Campbell, Sunny Baker

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The Balancing Act

Balancing a project, or managing changes in the project plan, can take place at three levels of authority, depending on the severity or immediacy of the change needed:
Project-level balancing involves making adjustments to keep the project within its approved cost, schedule, and quality outcomes. The project manager and core team members should have enough authority to make these decisions.
Business-case balancing is necessary when a project cannot achieve its approved cost, schedule, and quality goals. When this becomes obvious through project monitoring, the business case for the project must be reevaluated. Maybe the project will be useless if it doesn’t come in on time. Maybe there isn’t enough money (or profit) left ...

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