4: Monitor and Control a project (12 mark s) a) There are five types of project status reports. (Current period reports, Cumulative reports, Exception reports, Stoplight reports and Variance reports). An example of Cumulative report is a Milestone Trend Chart. Explain what Milestone trend charts are and how project managers can use it as an effe ctiv e project status reporting tool. ( 2 ma rks) b) Use the following Milestone trend chart to explain the status of the project and what should the project manager do. ( 3 ma rks)