Initiating the Project - Problem Set 10

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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.