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What is the best method of cost monitoring and control during a project?

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Question added by Waseem Arshad , Factory engineer / Manufacturing excellence manager , Unilever Pakistan Foods Limited
Date Posted: 2013/07/29
Ehab Abdeldayem
by Ehab Abdeldayem , Project Budget & Accounts Controls Manager , ASTAD Project Management

By doing a monthy variance report 

Muhammad Talha Azher
by Muhammad Talha Azher , Senior Consultant-Business Risk Advisory , Ernst & Young

Planning stage of the project is a main stage of select a proper way to cost monitoring and control. Prepared Detailed plan of the project and set Milestone review at every specific gap.

During execution stage conduct milestone review if  any deviation from Plan identify then input contingency plan and cover gap at early stage.

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