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A fundamental topic for the success of a project is the management of scope. The original scope of a project has cost assumptions to ensure project success. Provide a specific example from your experience or from examples in the text where a change in scope can impact the project financials. If you were the sponsor of this project, would you approve the change in scope knowing what you do now?
Readings
Read the following chapters in Cost and Value Management in Projects
Chapter 1: Introduction to the Challenge of Cost and Value Management in Projects
Chapter 2: Project Needs Assessment, Concept Development, and Planning
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