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Q: What steps will you take to address the potential cost overrun?
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What is the formula for calculating budget overrun?

Overrun = cost - budget


What is the difference of the monitoring and Controlling?

Monitoring means supervising and gathering data about what is happening in the project. For example, you may gather details about the money that is spent on the project and then compare it with the plan you had made during the planning stage. Once you gather the information you will know whether the project is having a cost overrun or we are within budget. Controlling means taking necessary steps to make sure the project is on track. Lets say the project is having a cost overrun, you need to take steps to cut costs and bring the cost back into plans.


Is overran an abstract noun?

No, the word 'overran' is not a noun; overran is a verb, the past tense of overrun, which means to spread over or occupy in large numbers; to conquer or occupy a territory by force.The word overrun is also a noun, a word for the amount that something exceeds a limit. Examples:Verb: This new model will overrun the competition in no time.Noun: The cost overrun will have to be made up.


Project cost overrun?

Cost Overruns happen when the actual expenditure on your project exceeds the planned/allocated budget. Lets say you have budget to hire 3 people and due to some reason you hired 4 people, then your project budget can be expected to overrun within a few months of operation. Project Managers use processes called "control cost" to control project expeditures


GFEBS Name the steps of the Army's Cost Management process?

Cost Accounting, Cost Analysis, Cost Controlling and Cost Planning


What are the food prices for?

To inform potential buyers of the cost.


Differences between cost control and cost reduction?

Cost Control - Taking Steps to ensure that the cost expenditure in the project is in line with what was planned during the planning phase. If the expenditure looks like exceeding the planned value, then steps are taken to reduce the cost to bring it back in line with the plan Cost Reduction - Taking steps to reduce the amount of money spent on any activity or project


Who is responsible for the cost of pre employment screening?

The cost of pre-employment screening is always the potential employers.


What are the potential problems with satellite television?

Some of the potential problems with satellite television is the high cost and too many channels.


Which of the following choices is a primary type of cost to consider when examining the potential use of a private warehouse?


What is price erosion?

difference between actual cost and potential price


What is cost of class a and class b public address?

For an institution or even an individual, the cost would be whatever the ISP charges to connect using that address.