Question: Note - Provide In-text citations and references for this answer-Mandatory Project Controlling involves ensuring that performance does not deviate from standards. Controlling consists of five

Note - Provide In-text citations and references for this answer-Mandatory

Project Controlling involves ensuring that performance does not deviate from standards. Controlling consists of five steps: (1) set standards, (2) measure performance, (3) compare performance to standards, (4) determine the reasons for deviations and then (5) take corrective action as needed.

Question - Provide detail regarding where project controlling takes place. Who is involved? Describe the risks and cost if controls are omitted during project closure. If possible, reference a project from your present or past work setting.

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