Describe 4 or 5 steps that you would take to maintain an effective cost control system

Controlling cost is important to all companies and sometimes a project may experience cost over runs, Answer those three questions each by each. please mention the question before you answer it.

Describe 4 or 5 steps that you would take to maintain an effective cost control system

What do you think are the most common reasons for cost overruns ?

Describe 3-5 steps you could take to address cost overruns

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