Running head: THE HOME IMPROVEMENT PROJECT
1
THE HOME IMPROVEMENT PROJECT
By
Student Name
Course Name
Institute Name
Professor Name
Date
, THE HOME IMPROVEMENT PROJECT 2
QUESTION 1
Scope creep refers to an original project in the area of the project, followed by an
inappropriate change in the planned project deadlines and expenditure. In most projects,
unexpected circumstances are a significant driving factor that contributes to scope creep.
According to the above case study, problems were found one after the other, resulting in delayed
decisions, as a result of which Nelsons had to carry a large amount for the bathtub
implementation. (Betty, 2017) The purpose and necessity of Nelson's bathtub installation became
such an uncontrolled moving target that there was no simple concept of what was deemed
complete and the design crept into uncontrollable and financial chaos. In the case of Nelson, the
scope creep continued to slip for various reasons, such as no initial requirements, cluelessness,
etc. Rather than basic bathtubs, they continued to incorporate additional items such as Jacuzzi,
cedar frame for the tub and attractive tile instead of the plastic splash guard, wall tiles, and
illumination which are not in the original design, each component increasing costs and slowing
the system. (Betty, 2017)
QUESTION 2
Both may be valid in this situation. But, as Nelsons came up between each adjustment
assuming that it would be a long-term investment because he knew A long-term investment is a
category reflecting the business profits, comprising stocks, bonds, real estate, and cash, on the
asset side of a company's balance sheet. Long-term investments are investments that are intended
to be held for even more than a year by a business. (Sharareh, 2019) To be a long-term investor
indicates that, in search of potentially higher rewards, you can take a certain level of risk and can
afford to be cautious for a more extended period. It also assumes that for an extended period, you
1
THE HOME IMPROVEMENT PROJECT
By
Student Name
Course Name
Institute Name
Professor Name
Date
, THE HOME IMPROVEMENT PROJECT 2
QUESTION 1
Scope creep refers to an original project in the area of the project, followed by an
inappropriate change in the planned project deadlines and expenditure. In most projects,
unexpected circumstances are a significant driving factor that contributes to scope creep.
According to the above case study, problems were found one after the other, resulting in delayed
decisions, as a result of which Nelsons had to carry a large amount for the bathtub
implementation. (Betty, 2017) The purpose and necessity of Nelson's bathtub installation became
such an uncontrolled moving target that there was no simple concept of what was deemed
complete and the design crept into uncontrollable and financial chaos. In the case of Nelson, the
scope creep continued to slip for various reasons, such as no initial requirements, cluelessness,
etc. Rather than basic bathtubs, they continued to incorporate additional items such as Jacuzzi,
cedar frame for the tub and attractive tile instead of the plastic splash guard, wall tiles, and
illumination which are not in the original design, each component increasing costs and slowing
the system. (Betty, 2017)
QUESTION 2
Both may be valid in this situation. But, as Nelsons came up between each adjustment
assuming that it would be a long-term investment because he knew A long-term investment is a
category reflecting the business profits, comprising stocks, bonds, real estate, and cash, on the
asset side of a company's balance sheet. Long-term investments are investments that are intended
to be held for even more than a year by a business. (Sharareh, 2019) To be a long-term investor
indicates that, in search of potentially higher rewards, you can take a certain level of risk and can
afford to be cautious for a more extended period. It also assumes that for an extended period, you
