Question: 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

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.

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