Identify the Three Major Categories of Project Costs and Give

question 95

Essay

Identify the three major categories of project costs and give an example of each.

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Definitions:

Demand Pull

An economic condition where an increase in demand for goods and services leads to higher prices and production.

Warehousing Needs

The requirements related to the storage of goods, including space, security, and management, to ensure safe and efficient handling.

Learning and Innovation

The process through which organizations and individuals gain new knowledge and apply it creatively to improve products, services, or processes.

Programming Errors

Mistakes or flaws in the code of a software program that can lead to incorrect output, crashes, or vulnerabilities.