Discuss the below:
"Trade-Off Analysis"
• Imagine that you are a project manager, and your project schedule indicates that the work to be completed by a critical resource will not be finished in time to meet a predetermined release date for the resource in question. Determine your options and potential trade-offs. Support your response and rationale with real-world examples of the chosen options and trade-offs in use.
• Considering project scope, project cost, and project schedule, describe one (1) type of contract for which the project manager would most likely allow cost overruns to occur, and prepare a real-world example that illustrates that type of contract.