As the Project Manager why do you think a Cost Management Plan is Important for your Project? (write your answer with a minimum of 100 words) Which Cost Management Approach will you take? write your answer with a minimum of 300 words) Why is it important to Measure Project Costs? (write your answer with a minimum of 100 words) Explain Earned Value Management? (write your answer with a minimum of 200 words) Explain schedule variance? (write your answer with a minimum of 150 words) List 3 key things that needs to be reported on when making a monthly cost project status report? (write your answer with a minimum of 150 words) Why is a reporting for cost management important on a monthly basis for your project? (write your answer with a minimum of 200 words) Explain the importance of a control threshold for a your project? (write your answer with a minimum of 300 words) When does the need for corrective actions Plan arise for a Project MANAGER? (write your answer with a minimum of 250 words) Using the budget template provided, prepare a detail budget for the community water supply (catchment) project. Use the information from the business case provided