Examlex
Why do airlines limit the number of cheap fares as compared with more expensive fares?
Actual Cost
The total expense incurred for a project, activity, or item, reflecting the real financial expenditure.
Cost Variance
The difference between the budgeted or estimated cost of a project and the actual cost incurred.
Cost Performance Index
A measure in project management that calculates the efficiency of budget utilization by dividing the earned value by the actual costs.
Schedule Variance
The difference between the planned and the actual project progress, indicating whether a project is ahead or behind schedule.
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