Trade off analysis is a systemic approach to balance the trade-offs between time, cost and performance. Information is required from costing, scheduling and project review reports. The generally accepted six step approach to trade-off analysis is as under:
Recognizing the basis for project conflicts
Reviewing the project goals and objectives
Analyzing the project environment
Identifying the alternative courses of action
Analyzing the best alternative
Revising the project plan
Recognizing the basis for project conflicts
Reviewing the project goals and objectives
Analyzing the project environment
Identifying the alternative courses of action
Analyzing the best alternative
Revising the project plan
