Read the article Capital Project Monitoring and Reporting (https://www.gfoa.org/materials/capital-project-monitoring-and-reporting) on the Government Finance Officers Association (GFOA) website. Once you are done, please respond to the following:

If you were implementing a capital project monitoring and reporting process, which policies or processes would you implement first if you could only implement two at the beginning of the project? Why?

Choices:

1. Identify and incorporate legal and fiduciary requirements into capital monitoring and reporting processes.

2. Identify relevant data for external and internal stakeholder information needs.

3. Plan and design systems to collect, store, and analyze project data and to report results.

4. Regularly monitor capital projects financial and project activity information.

5. Reporting on project status and activities.

6. Project close-out.

7. Evaluate monitoring and reporting activities.