Cost and Requirement

Prompt: In this journal assignment, reflect on the idea that cost, schedule, and requirements are interrelated functions of one another. Specifically, the following critical elements must be addressed:

Explain the effects to the projects schedule and requirements if project cost is reduced.

Explain the effects to cost and requirements if the project schedule is decreased. 

Explain the effects to cost and schedule if the project requirements are increased. 

Provide an example of a project in which one of these conditions actually occurred. What was the outcome?

Guidelines for Submission: Submit assignment a 2 page word document with double spacing, 12-point Times New Roman font, and one-inch margins.

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