Identify the description that clearly define the Project from the following statements - Is the concept that utilizes the time value of money and the interest rate together. Forecasting cost trouble spots before funds are committed and determining collective action to minimize or correct the overrun expenditures. Can cover anything from a two day engineering effort to resolve a minor technical problem to the present day "super projects". the interest for an interest period is calculated on the principal plus the total amount of interest accumulated in previous periods. Is the area of engineering practice where engineering judgment and experience are utilized in the application of scientific principles and techniques to the problems of solving Cost Problems. Question 22 (2 points) Identify the description that clearly define the Cost Control from the following statements Is the concept that utilizes the time value of money and the interest rate together Forecasting cost trouble spots before funds are committed and determining collective action to minimize or correct the overrun expenditures. Cuncover anything from a two day engineering effort to resolve a minor technical problem to the present day super projects" The inters for an interest period is called the principal plus the talenteri cated in previous perde Isthars of ageing practice where idonsperience are the