When the Customer Requests a Change, the Contractor or Project

question 18

True/False

When the customer requests a change, the contractor or project team should estimate the impact on the project schedule and budget and then go ahead with the work without customer approval.

---

Definitions:

Borrow

The act of receiving something of value in exchange for the promise to return it or its equivalent value at a later date.

Lend

The act of giving money or goods to someone with the expectation that it will be paid back in the future.

Consumption

The usage of resources or products for the purpose of satisfying human needs or wants.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.