What do you mean by fixed costs, Project Management

Assignment Help:

What do you mean by fixed costs?

Fixed Cost:

Cost may be described as the amount of expenditure incurred upon, or attributable to a specified thing. Fixed costs are such costs that tend to remain constant irrespective of the volume of output or sales. Illustrations of fixed costs as given below: staff salaries, administration expenses, rent and establishment charges as well as depreciation.


Related Discussions:- What do you mean by fixed costs

Supplier quality system, Supplier Quality System For important purchase...

Supplier Quality System For important purchases, ensuring acceptable supplier quality is critical. Conducting supplier quality audit is one of the steps in making sure the sele

Arena model, The Arena model has been designed to simulate the workflow of ...

The Arena model has been designed to simulate the workflow of the emergency room as accurately as possible. It has one top-level model and two sub-models. Create Models In

Product/service and volume flexibility, Product/Service and Volume Flexibil...

Product/Service and Volume Flexibility Ability to respond fast to the customer's needs known as flexibility.Two forms of flexibility are product/ Service and volume flexibilit

Budgeted cost of work performed (bcwp), Budgeted cost of work performed (BC...

Budgeted cost of work performed (BCWP), or "earned value" (EV), in project management is the budgeted cost of work that has truly been done in carrying out a scheduled task in a p

Explain what deming meant by the following statements, Question: (a) Ex...

Question: (a) Explain what Deming meant by the following statements? What happens if you do not fulfill those principles? (i) Institute leadership. (ii) Drive out fear.

Advantages and disadvantages of having a matrix structure, Explain the adva...

Explain the advantages AND disadvantages of having a matrix structure for managing a project. For projects that require a range of skills and involvement of staff from dissimil

PMJ535, Scope Management and Health Checks

Scope Management and Health Checks

Steps of project manager to enhance likelihood of project, Ideally, the nee...

Ideally, the need for an IS project would be given in some detail before planning begins. When the requirement is not detailed adequate, what steps can the project manager take to

What do you mean by variable costs, What do you mean by variable costs? ...

What do you mean by variable costs? Variable costs conversely, tend to vary directly along with the volume of output. Illustrations of variable cost are as given below: direct

Explain about the term cost-benefit analyses, Explain about the term cost/b...

Explain about the term cost/benefit analyses. Cost/benefit analyse: Cost/benefit analysis is the procedure of knowing, and as far as probable quantifying, the costs of res

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd