I have 2 questions that need to be answered. Please answer each question individually, and please provide a reference for both.
Pick any three of the following control tools and identify situations where that particular tool might be useful:
- Critical Ratios
- Control Charts
- Variance Analysis
- Trend Projections
2) When making an estimate for the time and cost to execute a project, should the time and cost required to develop the planning, monitoring, and controlling systems be included as well? Should the actions required to monitor and control a project be include in the project’s action plan or WBS? Why or why not?