Can you explain Control Limits?

Control Limits are similar to the constraints you set when playing a game. Consider painting within a frame: you have an inner line that represents the smallest area you need to cover and an outside line that represents the largest area you should cover. These constraints function similarly in a project—they are the permitted boundaries for things like time or expense. They assist you in determining whether your project is on track by displaying the lowest and maximum bounds of what is feasible or expected. If things deviate from these guidelines, it might indicate that something needs to be addressed or adjusted. So they’re like guardrails that keep your project on track.