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Cost, Cost: resource sacrifice or foregone to achieve a specific…
Cost
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Types of Cost
planning cost management: determine policies, procedure and documentation that will used for planning, execute and controlling cost.
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determine the budget: allocate overall cost estimate to individual work item to measuring performance
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Cost: resource sacrifice or foregone to achieve a specific objectives or something given up in exchange
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estimate cost
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tools and techniques
analogous/top down: use the actual cost of previous similar project for estimating the cost of current project
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