The activity of estimating total system project cost and comparing it to system value is called cost feasibility.
Project Cost is the total funds needed to complete the project or work that consists of a Direct Cost and an Indirect Cost. The Project Costs are any expenditures . Project Cost means the price payable to the Service Provider over the entire period of Agreement for the full and proper performance.
Project cost management is the process of estimating, budgeting, and controlling costs throughout the project life cycle, with the objective of keeping expenditures within the approved budget.
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