Your team had been given the task of developing project CLOCK that is estimated to be completed in one year. The sponsor and major stakeholders are very interested in this project and its outcome. Specialists and Consultants have been involved with the development of the business case for this project for about 6 months prior to the signing of the charter. Your project team has been very supportive and optimistic and together have estimated the budget using a bottom-up approach. The baseline was developed using three main control accounts; the monthly work estimates are as follows: Control account A $4,500 control account B $6,000 and control account C $8,500. Review: 7 months into the project, a phase gate review is carried out by the new owner of the company who is unhappy about the money being invested in CLOCK. He is openly critical of the project and was reportedly overheard by someone that he will discontinue funding CLOCK the moment the opportunity comes around. At this point, the work is 60% complete. The Project Team is anxious about being fired from theirjobs as the Cost Management Plan only allows a 5% variance allowance and Finance reports that expenses are about $142,000 at this time. This includes the cost of equipment that was burnt out at the early stages and had to be replaced with more reliable pieces that were pricier than ones in the original estimate, the team is confident this error would not be repeated