Initiating The Project – Problem Set 10

Initiating The Project – Problem Set 10

Types of Cost Exercise

The instructions for this week’s assignment are contained within the attached exercise template.

TYPES OF COSTS EXERCISE

Instructions: This exercise will provide you the opportunity to provide an analysis of types of costs within the Week 2 Business Case project you selected.

For this assignment, you will fill in each of the sections in the table below. For each cell provide (with associated number in cell):

1) a brief definition of the type of cost (must reference weekly readings/textbook),

2) identify a specific resource cost within your project that fits this type of cost and then,

3) explain why this cost fits the definition.

Fixed:1.2.3.Variable:1.2.3.
Direct:1.2.3.Indirect:1.2.3.
Recurring:1.2.3.Nonrecurring:1.2.3.
Regular:1.2.3.Expedited:1.2.3.
Internal:1.2.3.External:1.2.3.
Lease:1.2.3.Purchase:1.2.3.
Labor:1.2.3.Material:1.2.3.
Estimate:1.2.3.Reserve:1.2.3.