filmov
tv
What is Cost? | Cost in Project Management | Define Cost
Показать описание
This video defines cost. Some basic definition of cost is explained here.
In any business organization costs are the monetary values of the expenditures for material supplies, products, services, labor, equipment and other purchased items.
The total amount of direct expenses is also known as cost.
Cost is also defined as the amount paid for something or the expense of doing something. For example to purchase a bottle of water we paid 1 dollar that is its cost. Also when we paid 10 dollars spend a night in a hotel it is also cost.
The value of money that has been used up to deliver some services or to produce something and it’s not available for further use is also called cost.
In project management the cost is the total of all direct and indirect amounts that has to pay to carry out that specific project.
In any business organization costs are the monetary values of the expenditures for material supplies, products, services, labor, equipment and other purchased items.
The total amount of direct expenses is also known as cost.
Cost is also defined as the amount paid for something or the expense of doing something. For example to purchase a bottle of water we paid 1 dollar that is its cost. Also when we paid 10 dollars spend a night in a hotel it is also cost.
The value of money that has been used up to deliver some services or to produce something and it’s not available for further use is also called cost.
In project management the cost is the total of all direct and indirect amounts that has to pay to carry out that specific project.