A well-developed schedule is one of the key components of a successful project. In several ways, a schedule can either make or break a project. We learned that the schedule can influence several ongoing project decisions. It is, therefore, important to closely monitor the schedule.

Discuss three ways in which schedule delays cause an increase in project costs.

Explain also how the related risks could be mitigated.

Answer rating: 100% (QA)

Schedule delays can indeed lead to increased project costs in several ways Here are three significant ways in which schedule delays can cause cost overruns Resource Costs When a project faces delays r... View the full answer