Components of Project cost
♦️ #Indirect cost :- Outage loss + Overheads
♦️ #Direct project cost :- These include labour cost, material cost, equipment cost etc.
♦️ #Normal time :- Normal time is the standard time that an estimator would usually allow for an activity.
♦️ #Crash time :- Crash time is the minimum possible time which an activity can be completed by employing extra resources
♦️ #Normal cost :- This is direct cost required to complete the activity in normal time duration.
♦️ #Crash cost :- This is direct cost corresponding to the completion of the activity within crash time.
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♦️ #Indirect cost :- Outage loss + Overheads
♦️ #Direct project cost :- These include labour cost, material cost, equipment cost etc.
♦️ #Normal time :- Normal time is the standard time that an estimator would usually allow for an activity.
♦️ #Crash time :- Crash time is the minimum possible time which an activity can be completed by employing extra resources
♦️ #Normal cost :- This is direct cost required to complete the activity in normal time duration.
♦️ #Crash cost :- This is direct cost corresponding to the completion of the activity within crash time.
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