How would you avoid the problem discussed in this chapter of cost overruns caused by inflationary factors?
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How would you avoid the problem discussed in this chapter of cost overruns caused by inflationary factors? What cost estimating tools and controls would you utilize to prevent overruns caused by inflation?
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Preventing cost overruns caused by inflationary factors involves proactive planning and effective cost estimation Here are some strategies tools and c...View the full answer
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Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
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Related Book For
Megaproject Management Lessons On Risk And Project Management From The Big Dig
ISBN: 9781118115473
1st Edition
Authors: Virginia A. Greiman
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