Answer the following within a word limit of 200 words each:
1. Once you have decided on the type of data you want to monitor in your project, the next question is how to collect the data and turn it into information useful for controlling the project. Your identified five formats in which the majority of data collected would eventually exist. Briefly describe each of the five formats.
2. The reports delivered to those engaged in carrying out or managing the project should be timed to allow control to be exercised before completion of the task in question. Describe exception reports versus special analysis reports, including why these reports are important and an example of when these reports are useful.