costing

D

Dale Howard [MVP]

Saleem --

Costing determines how much it costs to perform the work in a project. A
number of factors determine the cost for a project, including the Standard
Rate, Overtime Rate, and Cost Per Use rate for each resource assigned to
tasks in the project, plus an optional Fixed Cost on tasks. Hope this
helps.
 
R

RickD

That's a highly unusual question for this forum.

Informal definition: Costing within the context of projects and resources is
the aggregate work performed to achieve all delivereables multiplied by
applicable resource rates for all resources assigned to perform that work
plus charges for material used in the formation of those deliverables and
other miscellaneous costs required to sustain the project through to its
completion.

If you want a formal definition, reference PMBOK or other project management
bibliography.
 
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