Project costs feels like a topic I’ve revisited many times over the course of writing this blog (can you believe I started it in May 2010?) and today I want to use my monthly video to go into the differences between direct and indirect costs and fixed and variable costs. They are terms new project managers might get confused about and we hear them thrown around in discussions. What do they mean for projects?
In this video I share a few examples of each so you can get a feel for how these might play out for your work. If you want a text-based post to refer back to, then this article on 5 types of project cost also includes some information on the topic.
Do you have different definitions or examples to share? Leave a comment under the video as this community is better for all the different voices in it!