Project Management

Types of Project Cost [Video]

From the The Money Files Blog
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A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts. Written by Elizabeth Harrin from GirlsGuideToPM.com.

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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!

Posted on: April 05, 2022 04:00 AM | Permalink

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Types of project cost analysis help the allocation of budget and development of scheduling and monitoring for success.

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