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 project’s 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.