Cost management

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salman_2005
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Cost management

Postby salman_2005 Thu Oct 11, 2018 8:30 pm

The cost baseline includes projected expenditures plus anticipated liabilities.

The liabilities here are the liability insurance coverages along with warranty cost etc? Or is it something else?

Please help me to understand.

Thank you.

Salman
manishpn
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Joined: Sat Jan 04, 2014 3:55 pm

Re: Cost management

Postby manishpn Tue Oct 16, 2018 3:59 pm

salman_2005 wrote:The cost baseline includes projected expenditures plus anticipated liabilities.

The liabilities here are the liability insurance coverage along with warranty cost etc? Or is it something else?

Liabilities are obligations of the project and liabilities can be of multiple types depending on the nature of the project,
1. data loss
2. professional misconduct
3. failing regulatory requirement
4. Theft etc






Please help me to understand.

Thank you.

Salman
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/
salman_2005
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Beginner
Posts: 46
Joined: Wed Sep 26, 2018 8:15 pm

Re: Cost management

Postby salman_2005 Tue Oct 16, 2018 4:43 pm

Thank you Manish!

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