1 Just let me say that this encounter has been entirely professional and most helpful. 2  I liked that I could ask additional questions and get answered in a very short turn around. 3  Esther Woodstock, NY. 4  Thank you so much for taking your time and knowledge to support my concerns.
A project's initial costs are those that are incurred during the design and construction process. They can include any of the following: 1  Planning, preliminary engineering, and project design. 2  Environmental impact report. 3  Project-related staff training.  Final engineering.
A target cost is the allowable amount of cost that can be incurred on a product and still earn the required. profit from that product. It is a market driven cost that is computed. before a product is produced. A. budgeted cost is a predetermined cost. after a product is in production. A budget is an operational.