- cost budgetting
- cost budgetting
The process of establishing budgets, standards and a monitoring system by which
the investment costs of the project can be measured and managed. that is, the
establishment of the control estimate. It is vital to be aware of the problems
"before the fact" so that timely corrective action can be taken.
Source: Max Wideman.com
Copyright: Wideman Comparative Glossary
of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March
2002.
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