W9 Discussion Question_Deepak.docx - Planning the Project...

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Planning the Project: DQ 4 Fixed and Variable Cost For any Project manager, accurate cost estimation is necessary to avoid obstacles or stoppages in the project. During cost estimation, project manager may lie to the customer, stakeholder or sponsor of the project to get budget approval for the project which ethically wrong. Though it is true for them to do whatever thy can to accomplish the project, they must maintain transparency within the project and specially with sponsor, customer and stakeholders of the project. Cost related with the projects are divided according to several different criteria, such as fixed cost and variable cost, direct cost and indirect cost, internal cost and external cost, recurring cost and non-recurring cost, regular cost and expedited cost. For Project Manager, it is very important to calculate accurate fix and variable cost. Fix cost are the expenses those are fix disregarding of the volume of the project. Even the project last longer or shorter, fix cost is always same. For example, computers needed for the project. Whereas

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