Project Management Terms: Opportunity Cost
Opportunity Cost The benefit ($$$$) lost by selecting another project.
Opportunity Cost The benefit ($$$$) lost by selecting another project.
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Opportunity Cost
Law of Diminishing Returns Productivity and resources are not linked in a 1:1 relationship; at some point adding resources does not yield a corresponding increase in productivity.
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Law of Diminishing Returns Lessons Learned
Depreciation Definition ofdepreciation in project management: It accounts for the fact that assets lose value over time.
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Defect Defect Repair Deliverable Depreciation