Define the project schedules and the cost risk analysis

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Question: Instructions: It is important to understand that the project schedule is based on the cost risk as well as a part of contingency-free budgeting. Since resources are key in the cost risk analysis it is important to understand time-dependent and time-independent resources. In 250 words in APA format answers the questions.

• What is the importance of distinguishing between time-dependent and time-independent resources?

• Does it impact the project schedules and the cost risk analysis?

• Explain and provide an example of the pros and cons as it applies to project costs.

Reference no: EM132799535

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