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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.
To determine opportunity cost from a graph, you can look at the slope of the graph. The opportunity cost is represented by the ratio of the units of one good that must be given up to produce more units of another good. The steeper the slope of the graph, the higher the opportunity cost.
Importance of cost control in project management?
To determine the opportunity cost from a graph, you can look at the slope of the graph's line. The opportunity cost is represented by the ratio of the units of one good that must be given up to produce more units of another good. The steeper the slope of the graph, the higher the opportunity cost.
Project Cost Management Project Quality Management Project Human Resource Management Project Communications Management Project Risk Management Project Procurement Management Project Stakeholder Management
To calculate opportunity cost from a graph, you can determine the slope of the graph, which represents the trade-off between two choices. The opportunity cost is the value of the next best alternative that is forgone when a decision is made. By analyzing the slope of the graph, you can identify the opportunity cost of choosing one option over another.
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'