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What Do We Mean When We Say That Some Technological

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What do we mean when we say that some technological knowledge is not proprietary?


Definitions:

Budgeted Cost

The estimated financial expenditure allocated for a project or a specific activity within a project.

Planned Value

The budgeted cost of work scheduled to be completed by a specific point in time during a project.

Cost Variance

The difference between the budgeted or baseline amount of expense and the actual amount spent.

Contingency Reserves

Funds or resources set aside to cover unexpected costs or risks in a project or budget.

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