ITM750_Chap07_Cost_Management
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Set of flashcards Details
Flashcards | 34 |
---|---|
Language | English |
Category | Micro-Economics |
Level | Primary School |
Created / Updated | 08.12.2013 / 09.12.2013 |
Licencing | No Copyright (CC0) |
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If something gets more expensive than the budget allowed it
Revenue minus expenditures
Ratio of revenues to profits
The total cost of ownership.
Determining the estimated annual costs and benefits for a project and check if they have enough money. And to determine the net present value
Costs or benefits that can be measured easily
Difficult to measure in monetary terms.
Directly related to producing the products or services of the project. FE. salaries