Implementandmonitoractionsasperyourcostmanagementplantoensuretheprojectto open a second venue for a restaurant maintainsitsfinancialobjectives.

• Implementingactionsincludebutarenotlimitedtoregularlyreviewingtheprojectprogressand addressing problems and issuescausing project delays and blowouts, conductingperformancereviewswithprojectteammembers,implementingareasonabletimelimitforprojectmeetings,etc.
• Monitoringactionsmayincludebutarenotlimitedtoconductingprojectteammeetingstoensureissuesandproblemscausingprojectdelays,andblowoutsarebeingaddressed,reviewing the performance review schedule and ensuring that reviews are being done on atimelymanner,reviewinghoursspentonprojectmeetings,etc.
• Securedocumentationfromyourimplementationandmonitoringasyouwillsubmitthemaspart of this assessment. The documentation you submit may include but are not limited tocopiesofminutesfromprojectteammeetings,completedperformancereviewsshowingyouhaveaddressedissuesandproblemsthatmayleadtoprojectdelaysandblowouts,emailcorrespondences,etc.

Project's initial budget

Project budget	$500,000.00
Project item/phase	Estimated cost
Project initiation	$10,000.00
Define project scope and objectives	$2,000.00
Identify project stakeholders	$1,000.00
Develop project charter	$3,000.00
Obtain project authority approval	$4,000.00
Location selection and lease agreement	$50,000.00
Research potential locations	$5,000.00
Visit and evaluate potential locations	$10,000.00
Negotiate lease agreement	$35,000.00
Venue renovation and interior design	$200,000.00
Total Cost	$320,000.00