1. MT435 UnitProject Management 6 Discussion Question The main point of project management is the concept of an “Iron Triangle” where youcan do trade-off analysis between cost, schedule, and...

1. MT435 UnitProject Management 6 Discussion Question The main point of project management is the concept of an “Iron Triangle” where youcan do trade-off analysis between cost, schedule, and performance. Research thisconcept online.Then, address the following: Provide a realistic example of a trade-off, where one of these three itemsis optimized at the detriment of the other two items.Explain why you selected the one item to optimize. Explain how you will work to mitigate adverse impact from the reduction inthe other two areas of the Iron Triangle. 2. Unit 6: JournalYou will complete a Journal each week.Each week, you will work on one aspect that will help you prepare for the course andreflect. Consider this Journal as study notes. This Journal will provide an opportunity tocapture new ideas from knowledge gained and record your thoughts throughout thecourse. This will also give you an opportunity to record questions you may wish toresearch further in preparation for other assigned work. Please remember thatcopying and pasting your own notes without revising is a form of self-plagiarism.Click on the Journal tab at the top of the page to add your first entry. Begin your postwith the label: Unit 6: Project Management.Research the following topics related to project management:1. Gantt chart 2. Project controls 3. Project planning 4. Risk 5. WBS Select three of the topics listed and compose 3 paragraphs describing the topics (1paragraph per selected topic) based on the course material and additional research youconduct online.ID: MT435-06-11-LJ