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Time Value of Money
The idea that money in hand today holds greater value than an equivalent sum in the future because of its potential to generate earnings.
Post-Audit
The examination and review of a project's financial and operational outcomes after its completion, to assess its effectiveness and adherence to budget.
Post-Completion Audit
A review conducted after the completion of a project to evaluate its success, including its adherence to budget, timelines, and the achievement of expected benefits.
Profitability Indexes
A calculation used to assess the attractiveness of an investment by dividing the present value of cash flows by the initial investment.
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