Homework: Cost & Requirement
In this journal homework, reflect on the idea that cost, schedule, and requirements are interrelated functions of one another. Specifically, the following critical elements must be addressed:
I. Explain the effects to the project's schedule and requirements if project cost is reduced.
II. Explain the effects to cost and requirements if the project schedule is decreased.
III. Explain the effects to cost and schedule if the project requirements are increased.
IV. Provide an example of a project in which one of these conditions actually occurred. What was the outcome?
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, and typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.