Monitor and control cost for two projects.

BENCHMARKS
Implement financial-management processes and procedures to monitor expenditure, eg:

• budgeting

• communication and reporting processes

• financial authorisations and delegations

• financial planning and forecasting

Identify cost variations and evaluate alternative actions.

Implement actions for maintaining financial objectives, eg:

• additional funding

• changes to scope

• reduce cost

Provide accurate and timely financial reports, eg:

• variance to plan

• registered and remaining hours

• remaining revenue, cost, and profit