Briefly explain the parameters that define a project.

What will be an ideal response?

Five highly interrelated parameters define a project—scope, cost, time, quality, and user expectations. Project scope is a definition of which tasks are and which tasks are not included in a project. The cost of a project includes all the capital, expenses, and internal cross-charges associated with the project’s buildings, operation, maintenance, and support. The timing of a project is frequently a critical constraint. Often, projects must be completed by a certain date to meet an important business goal or a government mandate. The quality of a project can be defined as the degree to which the project meets the needs of its users. As a project begins, stakeholders will form expectations—or will already have expectations— about how the project will be conducted and how it will affect them. For example, based on previous project experience, the end users of a new IT system may expect that they will have no involvement with the system until it is time for them to be trained.