Organizational
Requirements – control of project costs
- Control must be exercised on a reasonable level of the
project structure.
- Actual cost information must be available
quickly.
- The control system should identify
costs not only when they arise but also when the funds are
committed.
- The recorded costs must contain the same elements
(e.g.,
allocations for benefits, general and administrative
costs, or even for profit) as the planned costs to allow
for meaningful
comparisons.
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