Examlex
The most basic level in Kerzner's project management maturity model is:
Spending Variance
The difference between the actual amount of money spent and the budgeted or planned amount in a given period.
Budgeting
The process of creating a plan to spend your money, outlining proposed incomes and expenditures for a future period.
Planning Budget
A financial plan created for a future period, outlining projected revenues, expenses, and capital needs.
Refurbishing Materials
Materials used in the process of renovating or restoring products to 'like-new' condition.
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