Question 3 (20 marks)

Project overrun relates to a situation that occurs when the project's actual cost exceeds the initial budget. This causes a deficit in the project's financial needs and can slow or halt a project entirely. Considering this, discuss the technique that can be utilised by project managers to mitigate against project overruns by conducting monitoring and control.

Answer rating: 100% (QA)

One effective technique that project managers can utilize to mitigate against project overruns through monitoring and control is Earned Value Manageme... View the full answer