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COST Management - Coggle Diagram
COST Management
Progress reporting
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if % complete cannot be guessed by performers, following approaches can be applied
50/50 Rule: 50% complte when it begis, 50 % credit for when it fiished
20/80 rule: 20 % complete when it begins, 80 % credit for when it finishes
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Control cost process
process of monitoring the status of the project to updtae the project costs and managing chnages to the cost baseline
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