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A line graph
C(x)=1500+2.50x
a bar graph would be best I might say
For the most part its statistical information, how many employees are in section X of Y, what percentage of management is X or Y, Total employee costs, whats the additional cost incurred of project x ( say adding an additional benifit to personal Y). Cost of employees Hired, attriction rates, turnover, percentage of employees approching retirement, cost of employee models etc. most of these calculations can be facilitated in excel.
Cost Management is critical to Project Management. A project cannot be initiated with Cost Management not in place, since cost management is about estimating, budgeting, monitoring, and analyzing the cost information.
Importance of cost control in project management?
Project Cost Management Project Quality Management Project Human Resource Management Project Communications Management Project Risk Management Project Procurement Management Project Stakeholder Management
Project cost control is comparing the actual project cost against planned project cost.
Cost slope is defined as the ratio of difference between Crash cost & Normal cost and difference between Normal Time & Crash Time. Crash Time is time taken by the activity when additional resources, overtime and other special measures are taken to speed up (crash) the activity.
opportunity cost of x is equal to y over x. The answer then becomes the slope for the graph.
EMINEM
Project cost is means a lot in business plan. By using project Management software we can easily manage the project cost. Many online project management software are available now a days. Project management software provides various services which can help you to enhance your business. It includes many things like collaboration software, budget management, resource allocation, cost control, documentation any many more software.
Jeffrey K. Pinto has written: 'The Wiley Guide to Project Control (The Wiley Guides to the Management of Projects)' 'SimProject Player's Manual and Access Code' 'Project Leadership' 'Successful project managers' -- subject(s): Project management 'Project management' -- subject(s): Project management 'SimProject' -- subject(s): Simulation games, Project management 'Cost and Value Management'
Because, without controlling an activity we cannot ensure that we meet its target. As part of cost management, we decide what the project budget is and then we control the cost expenses during the project to ensure that we stick to the plan
scope, cost, time
I think the question implies that you believe that Project Management is an evolution of normal, traditional management.Project Management is about a managing a project with a defined length (in time), cost, and specification. Project Management is said to be about 90% communications (thus the importance), as the Project Manager usually has to communicate to a lot of people (stakeholders, employees, etc...), in order to get his/her project done.