diff --git a/cost-optimization/.chainsaw-test/01-business-hours/test.yaml b/cost-optimization/.chainsaw-test/01-business-hours/test.yaml
new file mode 100644
index 000000000..523457bde
--- /dev/null
+++ b/cost-optimization/.chainsaw-test/01-business-hours/test.yaml
@@ -0,0 +1,40 @@
+apiVersion: chainsaw.kyverno.io/v1alpha1
+kind: Test
+metadata:
+  name: business-hours
+spec:
+  steps:
+  - name: setup
+    try:
+    - apiVersion: kyverno.io/v1
+      kind: ClusterPolicy
+      file: ../../schedule-based-quotas.yaml
+    - apiVersion: v1
+      kind: ConfigMap
+      metadata:
+        name: time-mock
+        namespace: default
+      data:
+        time: "2024-03-20T14:00:00Z" # Wednesday 2 PM
+
+  - name: test-quota-business-hours
+    try:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota
+        namespace: default
+      spec:
+        hard:
+          cpu: "15"
+          memory: "30Gi"
+    assert:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota
+        namespace: default
+      spec:
+        hard:
+          cpu: "20"
+          memory: "40Gi"
diff --git a/cost-optimization/.chainsaw-test/02-non-business-hours/test.yaml b/cost-optimization/.chainsaw-test/02-non-business-hours/test.yaml
new file mode 100644
index 000000000..812acce6c
--- /dev/null
+++ b/cost-optimization/.chainsaw-test/02-non-business-hours/test.yaml
@@ -0,0 +1,40 @@
+apiVersion: chainsaw.kyverno.io/v1alpha1
+kind: Test
+metadata:
+  name: non-business-hours
+spec:
+  steps:
+  - name: setup
+    try:
+    - apiVersion: kyverno.io/v1
+      kind: ClusterPolicy
+      file: ../../schedule-based-quotas.yaml
+    - apiVersion: v1
+      kind: ConfigMap
+      metadata:
+        name: time-mock
+        namespace: default
+      data:
+        time: "2024-03-20T23:00:00Z" # Wednesday 11 PM
+
+  - name: test-quota-non-business-hours
+    try:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota-night
+        namespace: default
+      spec:
+        hard:
+          cpu: "15"
+          memory: "30Gi"
+    assert:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota-night
+        namespace: default
+      spec:
+        hard:
+          cpu: "10"
+          memory: "20Gi"
diff --git a/cost-optimization/.chainsaw-test/03-weekend/test.yaml b/cost-optimization/.chainsaw-test/03-weekend/test.yaml
new file mode 100644
index 000000000..92d710fc9
--- /dev/null
+++ b/cost-optimization/.chainsaw-test/03-weekend/test.yaml
@@ -0,0 +1,40 @@
+apiVersion: chainsaw.kyverno.io/v1alpha1
+kind: Test
+metadata:
+  name: weekend
+spec:
+  steps:
+  - name: setup
+    try:
+    - apiVersion: kyverno.io/v1
+      kind: ClusterPolicy
+      file: ../../schedule-based-quotas.yaml
+    - apiVersion: v1
+      kind: ConfigMap
+      metadata:
+        name: time-mock
+        namespace: default
+      data:
+        time: "2024-03-23T14:00:00Z" # Saturday 2 PM
+
+  - name: test-quota-weekend
+    try:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota-weekend
+        namespace: default
+      spec:
+        hard:
+          cpu: "15"
+          memory: "30Gi"
+    assert:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota-weekend
+        namespace: default
+      spec:
+        hard:
+          cpu: "10"
+          memory: "20Gi"
diff --git a/cost-optimization/schedule-based-quotas/.chainsaw-test/01-business-hours/test.yaml b/cost-optimization/schedule-based-quotas/.chainsaw-test/01-business-hours/test.yaml
new file mode 100644
index 000000000..523457bde
--- /dev/null
+++ b/cost-optimization/schedule-based-quotas/.chainsaw-test/01-business-hours/test.yaml
@@ -0,0 +1,40 @@
+apiVersion: chainsaw.kyverno.io/v1alpha1
+kind: Test
+metadata:
+  name: business-hours
+spec:
+  steps:
+  - name: setup
+    try:
+    - apiVersion: kyverno.io/v1
+      kind: ClusterPolicy
+      file: ../../schedule-based-quotas.yaml
+    - apiVersion: v1
+      kind: ConfigMap
+      metadata:
+        name: time-mock
+        namespace: default
+      data:
+        time: "2024-03-20T14:00:00Z" # Wednesday 2 PM
+
+  - name: test-quota-business-hours
+    try:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota
+        namespace: default
+      spec:
+        hard:
+          cpu: "15"
+          memory: "30Gi"
+    assert:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota
+        namespace: default
+      spec:
+        hard:
+          cpu: "20"
+          memory: "40Gi"
diff --git a/cost-optimization/schedule-based-quotas/.chainsaw-test/02-non-business-hours/test.yaml b/cost-optimization/schedule-based-quotas/.chainsaw-test/02-non-business-hours/test.yaml
new file mode 100644
index 000000000..812acce6c
--- /dev/null
+++ b/cost-optimization/schedule-based-quotas/.chainsaw-test/02-non-business-hours/test.yaml
@@ -0,0 +1,40 @@
+apiVersion: chainsaw.kyverno.io/v1alpha1
+kind: Test
+metadata:
+  name: non-business-hours
+spec:
+  steps:
+  - name: setup
+    try:
+    - apiVersion: kyverno.io/v1
+      kind: ClusterPolicy
+      file: ../../schedule-based-quotas.yaml
+    - apiVersion: v1
+      kind: ConfigMap
+      metadata:
+        name: time-mock
+        namespace: default
+      data:
+        time: "2024-03-20T23:00:00Z" # Wednesday 11 PM
+
+  - name: test-quota-non-business-hours
+    try:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota-night
+        namespace: default
+      spec:
+        hard:
+          cpu: "15"
+          memory: "30Gi"
+    assert:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota-night
+        namespace: default
+      spec:
+        hard:
+          cpu: "10"
+          memory: "20Gi"
diff --git a/cost-optimization/schedule-based-quotas/.chainsaw-test/03-weekend/test.yaml b/cost-optimization/schedule-based-quotas/.chainsaw-test/03-weekend/test.yaml
new file mode 100644
index 000000000..92d710fc9
--- /dev/null
+++ b/cost-optimization/schedule-based-quotas/.chainsaw-test/03-weekend/test.yaml
@@ -0,0 +1,40 @@
+apiVersion: chainsaw.kyverno.io/v1alpha1
+kind: Test
+metadata:
+  name: weekend
+spec:
+  steps:
+  - name: setup
+    try:
+    - apiVersion: kyverno.io/v1
+      kind: ClusterPolicy
+      file: ../../schedule-based-quotas.yaml
+    - apiVersion: v1
+      kind: ConfigMap
+      metadata:
+        name: time-mock
+        namespace: default
+      data:
+        time: "2024-03-23T14:00:00Z" # Saturday 2 PM
+
+  - name: test-quota-weekend
+    try:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota-weekend
+        namespace: default
+      spec:
+        hard:
+          cpu: "15"
+          memory: "30Gi"
+    assert:
+    - apiVersion: v1
+      kind: ResourceQuota
+      metadata:
+        name: test-quota-weekend
+        namespace: default
+      spec:
+        hard:
+          cpu: "10"
+          memory: "20Gi"
diff --git a/cost-optimization/schedule-based-quotas/artifacthub-pkg.yaml b/cost-optimization/schedule-based-quotas/artifacthub-pkg.yaml
new file mode 100644
index 000000000..bae5dac3e
--- /dev/null
+++ b/cost-optimization/schedule-based-quotas/artifacthub-pkg.yaml
@@ -0,0 +1,39 @@
+---
+name: schedule-based-quotas
+version: 1.0.0
+displayName: Schedule-based Resource Quotas
+createdAt: "2024-03-20T00:00:00.000Z"
+description: >-
+  Automatically adjusts resource quotas based on time schedules to optimize cloud costs.
+  During non-business hours, the policy reduces resource quotas to prevent overprovisioning
+  while ensuring essential services remain operational.
+install: |-
+  ```sh
+  kubectl apply -f https://raw.githubusercontent.com/kyverno/policies/main/cost-optimization/schedule-based-quotas/schedule-based-quotas.yaml
+  ```
+keywords:
+  - resource management
+  - cost optimization
+  - quota
+  - scheduling
+readme: |
+  # Schedule-based Resource Quotas
+  
+  This policy automatically adjusts resource quotas based on time schedules to optimize cloud costs.
+  During non-business hours, the policy reduces resource quotas to prevent overprovisioning
+  while ensuring essential services remain operational.
+
+  ## Business Hours
+  - Monday to Friday
+  - 9 AM to 5 PM (Pacific Time)
+  - Higher resource limits (CPU: 20, Memory: 40Gi)
+
+  ## Non-Business Hours
+  - Weekdays outside 9 AM - 5 PM
+  - All weekend hours
+  - Lower resource limits (CPU: 10, Memory: 20Gi)
+annotations:
+  kyverno/category: Resource Management
+  kyverno/severity: medium
+  kyverno/subject: ResourceQuota, Namespace
+  kyverno/kubernetesVersion: "1.23-1.28"
diff --git a/cost-optimization/schedule-based-quotas/schedule-based-quotas.yaml b/cost-optimization/schedule-based-quotas/schedule-based-quotas.yaml
new file mode 100644
index 000000000..ea7d2acec
--- /dev/null
+++ b/cost-optimization/schedule-based-quotas/schedule-based-quotas.yaml
@@ -0,0 +1,42 @@
+apiVersion: kyverno.io/v1
+kind: ClusterPolicy
+metadata:
+  name: schedule-based-quotas
+  annotations:
+    policies.kyverno.io/title: Schedule-based Resource Quotas
+    policies.kyverno.io/category: Resource Management
+    policies.kyverno.io/severity: medium
+    policies.kyverno.io/subject: ResourceQuota, Namespace
+    policies.kyverno.io/description: >-
+      Automatically adjusts resource quotas based on time schedules to optimize cloud costs.
+      During non-business hours, the policy reduces resource quotas to prevent overprovisioning
+      while ensuring essential services remain operational.
+    kyverno.io/kyverno-version: 1.11.0
+    policies.kyverno.io/minversion: 1.11.0
+    kyverno.io/kubernetes-version: "1.23-1.28"
+spec:
+  background: true
+  rules:
+    - name: update-quotas-by-schedule
+      match:
+        any:
+        - resources:
+            kinds:
+            - ResourceQuota
+      context:
+        - name: mockTime
+          configMap:
+            name: time-mock
+            namespace: default
+            key: time
+        - name: currentTime
+          variable: >-
+            {{ mockTime || time.Now() | time.ParseInLocation('America/Los_Angeles') }}
+        - name: isBusinessHours
+          variable: currentTime.Hour() >= 9 && currentTime.Hour() < 17 && (currentTime.Weekday() >= 1 && currentTime.Weekday() <= 5)
+      mutate:
+        patchStrategicMerge:
+          spec:
+            hard:
+              cpu: "{{ isBusinessHours ? '20' : '10' }}"
+              memory: "{{ isBusinessHours ? '40Gi' : '20Gi' }}"