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monitoring actuals versus budget
- monitoring actuals versus budget
- monitoring actuals versus budget
One of the main responsibilities of cost management is to continually measure
and monitor the actual cost versus the budget in order to identify problems,
establish the variance, analyze the reasons for variance and take the necessary
corrective action. Changes in the forecast final cost are constantly monitored,
managed and controlled.
Source: Max Wideman.com
Copyright: Wideman Comparative Glossary
of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March
2002.
- Management (management) >> * - management >> Projectmanagement (project management) >> Geld (finances)
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