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1. Three major reasons that there are changes to the budget (and therefore, changes to overall budget) are: (1) errors cost estimator made about how to attain tasks recognized in project plan; (2) Increased knowledge about project's goal and deliverables causes changes to way of thinking, leading to wholesale changes in project; and (3) a new law, standard, or mandate happen leading to change in way the project is performed. Can you think of any other reasons why baseline of budget might require to be changed midstream of project?

2. describe primary trade-offs made when deciding whether or not to crash project. What trade-offs are made to resources if you decide to crash a project? Can all three project factors - cost, schedule, and resources - be decreased when you crash project? describe why or why not?

Project Management, Management Studies

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