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Explain the components of the cost management plan

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Explain the components of the cost management plan

Currencies of estimates

Levels of accuracy

Reporting formats

How to measure cost performance

Types of cost eg. Direct, indirect, fixed, variable

Development of cost baseline for comparative measurements

Acceptable cost variance threshold

How to control cost changes?

Control accounts information

How to estimate cost , determine budget and control cost

Funding decisions to be made

How cost will be documented

How to deal with price and exchange rate changes

Team members responsible for activities

Reference no: EM132300759

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