From the units’ readings, we note that the chances of risk events occurring and their respective costs increasing change over the project life cycle. Assume you are a project manager of a construction project. The customer has requested a change to enhance/ improve the kitchen fixtures and add a gazebo in the front yard, which will increase the project risk.
How would you describe the corresponding cost implications to the customer?
What risk factors would the customer face if you were to implement these changes?
