Definition. Project Cost Management is a group of processes required to ensure the project is completed within the approved budget. Processes. There are following processes which are part of Project Cost Management. Resource Planning; Cost Estimating; Cost Budgeting; Cost Control
The definition of an arbiter is someone who is either qualified to judge or chosen to decide something. Jennifer Lopez is an example of an arbiter for the television show American Idol. 1  a person selected to judge a dispute; umpire; arbitrator.  a person fully authorized or qualified to judge or decide.
Tweet. Arbitrage is the market activity of buying and selling of same security on exchanges or between spot prices of a security and its future contract.ence arbitrage as a practice is followed to take advantage of the price disparity. Originally arbitrage occurred in the currency market, but now it applies equally in the commodity, futures and the stock market as well.