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Henry purchased an automobile from Iso Motors, and as a part of the payment, gave Iso Motors a promissory note in the amount of $4,000. If the promissory note is properly drawn and signed by Henry, Iso Motors may negotiate it to Friendly Finance Company.
Unspecified Extra Costs
Additional expenses that were not originally planned or accounted for in a project's budget, often arising from unforeseen circumstances or changes.
Estimate to Complete
An updated projection of costs still required to complete all remaining project activities, considering current performance.
Budget at Completion
The total budget allocated for a project based on all estimated costs upon completion.
Schedule Variance
A project management metric indicating the difference between the planned and actual progress of a project.
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