Question: ou are the project manager for a software development project that is well underway. The project was initially estimated at $100,000, and you are now
ou are the project manager for a software development project that is well underway. The project was initially estimated at $100,000, and you are now in the middle of the project. However, the latest cost report indicates that you've already spent $90,000. There are still several critical tasks left to complete, and you're concerned about the potential for cost overruns. In this scenario, what steps would you take to monitor and control project costs, and how would you report on the project's performance to ensure that the project stays within budget and delivers the expected value? Share your strategies in no more than 70 words
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