Discussion Post
The team has decided to move forward with the company luncheon in the timeframe established. You are about two weeks from the event, and there has been little to no management oversight on the performance of the project.
1) Why is it necessary to track actual and committed costs once a project starts?
2) Why is it necessary to calculate the earned value of work performed?
3) Why are the cost control steps important to the project?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.