What Is Cost Incurred?

October 16, 2007 | Author: PM Hut | Filed under: Project Management Definitions

What Is Cost Incurred? - Cost Incurred is costs identified through the use of the accrued method of accounting or costs actually paid. Costs include direct labor, direct materials, and all allowable indirect costs.

For all Project Management Definitions, check the PMO and Project Management Dictionary by John Filicetti

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