Microsoft.
about $1250.00
$40
52.4million
$40
50
300 Dollars
In the process of decision making between mutually exclusive projects any cost which is left due to selection of alternative project is called the opportunity cost. For Example: if a person select project a and have to loss 1000 due to selection of project a, or if person select project b and loss 2000 due to it then project a has an opportunity cost of 1000 while project b has 2000.
Project cost control is comparing the actual project cost against planned project cost.
level 38 and it will cost 2000 cod points
If the opportunity cost of capital for a project exceeds the Project's IRR, then the project has a(n)
Any Project Charter, that is prepared by an experienced Project Manager would contain the following: 1. The project justification, which includes the purpose of the project and the business case for the project, which in turn may include return on investment. 2. A high-level project description that includes the business needs that the project addresses and the high-level product requirements. 3. High-level project requirements based on the needs of the customer, the sponsor, and other stakeholders. 4. Project objectives and success criteria, which are derived from the purpose section. This section explains exactly what will be done by this project and what exactly will be the outcome of this project. The most important point is that the objectives must be measurable. 5. High-level risks, which will be identified during the project planning. However, some high-level risks may be apparent during the time of developing the project charter. 6. Milestone schedule, some kind of high-level schedule. 7. A budget summary, A high-level summary of the project cost estimate with some kind of timeline. 8. Project approval and acceptance requirements , which include the name and responsibility of the person or committee that will approve and accept the project when it's finished. 9. An assigned project manager, a specified authority level for that project manager, and the influences that the stakeholders might have. 10. Project sponsor, the name and authority level of the project sponsor authorizing the project charter.
Cost Management is critical to Project Management. A project cannot be initiated with Cost Management not in place, since cost management is about estimating, budgeting, monitoring, and analyzing the cost information.