Events do occur that require the scope of the project to change. Changes in the marketplace may require change in a product design or the timing of the product delivery. Changes in the client’s management team or the financial health of the client may also result in changes in the project scope. Changes in the project schedule, budget, or product quality will have an effect on the project plan. Generally, the later in the project the change occurs, the greater the increase to the project costs. The project manager also analyses the cost and schedule impact of these changes and adjusts the project plan to reflect the changes authorized by the client. #projectmangement#projectmanger#theprospect