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opportunity cost

Project Opportunity Cost and Why You Need to Understand It

If you’re in the middle of preparing to take the Project Management Professional (PMP)® Exam you have undoubtedly read through A Guide to the Project Management Body of Knowledge (PMBOK® Guide),...

Cost Decisions in Project Management Accounting

Project managers are often called on to make decisions between different opportunities or different ways of accomplishing the goals and objectives of a company. The three types of cost that are used t...