- cost forecasting
- cost forecasting
The activity of predicting future trends and costs within the project duration.
These activities are normally marketing oriented. However, such items as sales
volume, price and operating cost can affect the project profitability analysis.
Items that affect the cost management functions are: predicted time/cost,
salvage value, etc.
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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