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Case StudyPROJECT MANAGEMENT SITUATION—ESTABLISHING A PROJECT CONTROL SYSTEMAn organization has been managing projects for several years through a group of project managers, specifically hired for their successes with this type of work. They have consistently performed well in other organizations, demonstrating an exceptional understanding of the technology and the project management discipline. They are excellent communicators and keep all parties informed of the progress of projects.Recently, the company finance director stated that many of the projects were losing money. This was determined when the new accounting system was implemented and costs for projects were collected, collated, and analyzed. Nearly one-third of the projectswere not performing well in the cost area. Only 18 percent of the projects were producing revenues that met the company's fee structure.A review of project documents and plans as well as discussions with some project participants revealed the following:There was no consistency in the project plans. Some were missing vital