Final answer:
A detailed explanation of when it is appropriate to change a cost or schedule baseline.
Explanation:
Under What Circumstances Should a Cost or Schedule Baseline Be Changed?
Cost or schedule baselines should be changed under specific conditions:
- When spending exceeds the planned budget: If the cost of the project surpasses the original budget, necessitating a change order.
- Impact on the project plan: If the requested change affects the timeline or resources allocated in the initial plan.
- Customer or governing body approval: Approval by the customer or relevant authority must be obtained for any changes.
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