functions during the processing of a project to reinforce the defined performance and formal goals. The tasks of project control are also: the creation of infrastructure for the supply of the right information and its update the establishment of a way to communicate disparities in project parameters the development of project information technology based on an intranet or the determination of a project key performance indicator system (KPI) divergence analyses and generation of proposals for potential project regulations the establishment of methods to accomplish an appropriate project structure, project workflow organization, project control, and governance creation of transparency among the project parameters Fulfillment and implementation of these tasks can be achieved by applying specific methods and instruments of project control. The following methods of project control can be applied: investment analysis cost–benefit analysis value benefit analysis expert surveys simulation calculations risk-profile analysis surcharge calculations milestone trend analysis cost trend analysis target/actual comparison Project control is that element of a project that keeps it on track, on time, and within budget. Project control begins early in the project with planning and ends late in the project with post-implementation review, having a thorough involvement of each step in the process. Projects may be audited or reviewed while the project is in progress. Formal audits are generally risk or compliance-based and management will direct the objectives of the audit. An examination may include a comparison of approved project management processes with how the project is actually being managed. Each project should be assessed for the appropriate level of control needed: too much control is too time-consuming, too little control is very risky. If project control is not implemented correctly, the cost to the business should be clarified in terms of errors and fixes. Control systems are needed for cost, risk, quality, communication, time, change, procurement, and human resources. In addition, auditors should consider how important the projects are to the financial statements, how reliant the stakeholders are on controls, and how many controls exist. Auditors should review the development process and procedures for how they are implemented. The process of development and the quality of the final product may also be assessed if needed or requested. A business may want the auditing firm to be involved throughout the process to catch problems earlier on so that they can be fixed more easily. An auditor can serve as a controls consultant as part of