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Question 1 - Please explain how to monitor costs across a project's life cycle including solving cost variations and analyzing possible alternatives. Question 2 -

Question 1 - Please explain how to monitor costs across a project's life cycle including solving cost variations and analyzing possible alternatives.

Question 2 - Please explain how to implement an alternative option to reduce the cost variance in the project. 

Question 3 - Please provide example of cost management that you well managed costs, where there overspends, and explain how did you effectively manage them?

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Question 1 Monitoring costs across a projects life cycle and addressing cost variations involves several steps Cost Baseline Establish a cost baseline at the beginning of the project This baseline ser... blur-text-image

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