Journal Problem: Cost & Requirement
Prompt: In this journal problem, reflect on the idea that cost, schedule, and requirements are interrelated functions of one another. Specifically, the following critical elements must be addressed:
1) Explain the effects to the project's schedule and requirements if project cost is reduced.
2) Explain the effects to cost and requirements if the project schedule is decreased.
3) Explain the effects to cost and schedule if the project requirements are increased.
4) Provide an example of a project in which one of these conditions actually occurred. What was the outcome?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.