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____ involves the following: Analyzing cost performance to determine which work packages may require corrective action; Deciding what specific corrective action should be taken; and Revising the project plan, including time and cost estimates, to incorporate the planned corrective action.

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Answer:

Cost Control

Step-by-step explanation:

Cost control is the method of recognizing and reducing business expenditure in order to boost revenue, and it begins with the budgeting process.

A company owner contrasts actual results to goals that are budgeted and if actual costs are higher than expected, management may intervene.