Now that you have successfully researched pricing models, estimation techniques, and the time value of money, the next step is to develop controls that can be applied to manage costs.
Write a paper that will diagram and analyze cost control in the project environment. Include in your analysis an investigation of the operating cycle, budgets, and the earned value measurement system. Provide specific examples as to how you would implement these techniques within your project plan. Also include recommendations on how one should address possible cost overrun dilemma for your project. (The information you will be developing for this week will be utilized in your signature assignment. Review cost controls, schedule variances, earned value techniques, and budgeting.)