This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: establish a baseline for measuring performance. a. Cost budgeting b. Cost consolidation c. Cost control d. Cost estimating 9. The main goal of the cost _ budgeting ____ process is to produce a cost baseline for measuring project performance and project funding requirements. a. budgeting b. consolidation c. control d. estimating What are tangible, intangible, direct and indirect costs? Give examples. Tangible costs or benefits are those costs or benefits that an organization can easily measure in dollars. Intangible costs or benefits are costs or benefits that are difficult to measure in monetary terms Direct costs are costs that can be directly related to producing the products and services of the project. Indirect costs are costs that are not directly related to the products or services of the project, but are indirectly related to performing the project...
View Full Document
- Spring '10
- Cost Accounting, sunk costs, curve theory, questions Project Cost