Assume that the following has happened when executing the project; please contextualise the scenario to reflect your project cost management plan. Scenarios A 25% timeline The project sponsor communicated the decision to change the meeting platform from Zoom to Microsoft Teams and charge part of the cost to the project. Additional cost to project $ 500.00 The Project Sponsor agreed to add $450.00 to the budget. B 50% timeline The project sponsor wants to add a fun competition during the event with a prize of $ 500.00 for the winning suppliers. The $500.00 must be added to project cost items. The project sponsor agreed to add $ 350 to the budget. 1. For each scenario: . Detail what cost monitoring and control procedures (including established project cost methods, techniques and tools) were applied to identify the issue . Identify and list the variations in the project budget Scenario Monitoring and control List of variations in budget (30-50 words/scenario) A B