Question: 1) How do we practice cost control? Explain in detail using an example. 2) Make a Responsibility Assignment Matrix for an organization. Explain the steps

1) How do we practice cost control? Explain in detail using an example.

2) Make a Responsibility Assignment Matrix for an organization. Explain the steps and need of the matrix in any project.

3) For theproject withEarned Value (EV) = $360, Actual Cost (AC) = $400 and both Cost Performance Index (CPI) and Schedule Performance Index (SPI) equal 0.90. The originalproject budget is $1,000. Assuming the remaining work will be impacted bythecurrent cost performance and current schedule performance, what is the Estimate At Completion (EAC) of the project?

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