In order to create a project monitoring system involves determining:

  • A. What and where are the causes for cost or schedule overrun?
  • B. What data to collect, how, when, and who will collect the data, How to analyze the data, How to report current progress to management
  • C. What have we gotten for the dollars spent?
  • D. If there is a cost overrun midway in the project, can we forecast the overrun at completion?

Answer: Option B