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Cost in Project Management

Why is it important for management to understand the forecasted cost at completion (FCAC)? What if the FCAC is less than the original expected budget? Will they still want to know the details?

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It is important for management to keep track of forecasted costs at completion so that they can plan for any additional costs incurred during the ...

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This excerpt explains why it is important for managers to understand the forecasted cost at completion for projects.

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