Engineered cost, out of pocket cost, managed cost explain simple

managed cost means Where expenditure CAN be delayed, reduced or eliminated without an immediate major disruption in the institution's programme, then it should be categorised as a ...

Engineered Costs is an organization that are directly linked and proportional to the yield of a production process. In other words, costs of inputs that are variable in terms of co...

Engineered costs are elements of cost for which the right or proper amount of costs that should be incurred can be estimated with a reasonable degree of reliability. For example :...