Changes and divergences in a project are very common. Addition, deletion, insertion and revision are applied to the project in order to meet the goals of the project. This might also lead to increasing or decreasing the cost of the project (Paton, McCalman, R.A.P, J.M, 2008). If we take the example of a woollen garments store, we will see that the price of the garments rise during the winters and there is a cost deduction during the summers. This happens due to the fact that during summers the garments store will have no income at all if they keep the prices same as the winters. So the stakeholders have to make changes in the cost accordingly. The concept of Management of change can be explained with the example of true stake holders. The change process is based on the principal of four major elements namely identification, review, disapproval or approval and implementations. If we consider the Christmas market and the London Olympic Games, the project change management can be easily examined. In terms of cost and schedule, the changes in Christmas market and London Olympic Games are identified in the initial stage. The review of its problems and symptoms are calculated next. Root cause is either approved or disapproved accordingly (Elearn, 2005). Stakeholders can make change in the lifecycle of the project only if it promises for the progress of the project. The Christmas market falls in its off season. Then the stakeholders play a very important role in bringing changes in the prices of the products of the market. Therefore by decreasing the prices they can ensure product sale from zero to at least one percent. London Olympic Games also have the same issue. During the Olympics the market value is high but later on the stakeholders have to change it according to the system. The stake holders are the business shareholders of the London Olympic. They earn business with the Olympic Games and its promotion. But when the season of Olympics is gone they reduce the cost of endorsements and promotions.