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Cost slope is defined as the ratio of difference between Crash cost & Normal cost and difference between Normal Time & Crash Time.

Crash Time is time taken by the activity when additional resources, overtime and other special measures are taken to speed up (crash) the activity.

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Importance cost management in a project?

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.


Importance of cost control in project management?

Importance of cost control in project management?


What is the total number of PMP?

Project Cost Management Project Quality Management Project Human Resource Management Project Communications Management Project Risk Management Project Procurement Management Project Stakeholder Management


What is Project cost control vs approved budget in project management?

Project cost control is comparing the actual project cost against planned project cost.


What is cost estimating cost benefit analysis in project management?

EMINEM


What percentage of project cost is business plan?

Project cost is means a lot in business plan. By using project Management software we can easily manage the project cost. Many online project management software are available now a days. Project management software provides various services which can help you to enhance your business. It includes many things like collaboration software, budget management, resource allocation, cost control, documentation any many more software.


What has the author Jeffrey K Pinto written?

Jeffrey K. Pinto has written: 'The Wiley Guide to Project Control (The Wiley Guides to the Management of Projects)' 'SimProject Player's Manual and Access Code' 'Project Leadership' 'Successful project managers' -- subject(s): Project management 'Project management' -- subject(s): Project management 'SimProject' -- subject(s): Simulation games, Project management 'Cost and Value Management'


How does cost control aids in better cost management?

Because, without controlling an activity we cannot ensure that we meet its target. As part of cost management, we decide what the project budget is and then we control the cost expenses during the project to ensure that we stick to the plan


What are the 3 prime objectives of project management?

scope, cost, time


Why is project management different from the other forms of management?

because it gives a project to be successful because it contents contract management, schedule management, and investage (cost) management, you should find a equilibrium point considering those 3 elements.


Why are time management communication and motivation given more importance in the project management in contrast to traditional management?

I think the question implies that you believe that Project Management is an evolution of normal, traditional management.Project Management is about a managing a project with a defined length (in time), cost, and specification. Project Management is said to be about 90% communications (thus the importance), as the Project Manager usually has to communicate to a lot of people (stakeholders, employees, etc...), in order to get his/her project done.


Name three primary goals of a project management?

Performance, Time and Cost!

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