Project change with the change in requirements

Dear All
My client has the following requirements:
When the requirements from the customer change, changes to time, resources and budget have to be managed.
What iam thinking is as soon as the requirements change, a ECR is created for the change in requirements document, which on release will notify the concerned person/PM to analyze the impact on the project.
Please suggest me if there is any other way to map this scenario in PS or cProjects?
Thanks & Regards
Prasad K

Not Answered but closing the thread

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Project change with the change in requirements

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