Home > Terms > English, UK (UE) > Cost
Cost
The monetary value or price of a project activity or component that includes the monetary worth of the resources required to perform and complete the activity or component, or to produce the component. A specific cost can be composed of a combination of cost components, including direct labour hours, other direct costs, indirect labour hours, other indirect costs, and purchased price. (However, in the earned value management methodology, in some instances, the term cost can represent only labour hours without conversion to monetary worth.) See also actual cost and estimate.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Business services
- Category: Project management
- Company: WSDOT
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Poison ivy
A three-leaflet plant that is well known for causing sever burning, itching, redness, and blistering in the skin as a result of an inflammation ...
Contributor
Featured blossaries
stanley soerianto
0
Terms
107
Blossaries
6
Followers
Indonesia Football Team
Browers Terms By Category
- Osteopathy(423)
- Acupuncture(18)
- Alternative psychotherapy(17)
- Ayurveda(9)
- Homeopathy(7)
- Naturopathy(3)
Alternative therapy(489) Terms
- Plastic injection molding(392)
- Industrial manufacturing(279)
- Paper production(220)
- Fiberglass(171)
- Contract manufacturing(108)
- Glass(45)
Manufacturing(1257) Terms
- Journalism(537)
- Newspaper(79)
- Investigative journalism(44)
News service(660) Terms
- Aeronautics(5992)
- Air traffic control(1257)
- Airport(1242)
- Aircraft(949)
- Aircraft maintenance(888)
- Powerplant(616)
Aviation(12294) Terms
- General packaging(1147)
- Bag in box(76)