Activity Based Costing (ABC)

A cost estimating method where the project is divided into discrete activities, and a cost estimate is prepared for each activity.
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Definition 1

A cost estimating method where the project is divided into discrete activities, and a cost estimate is prepared for each activity.

CategoriesFinance, Procurement
Term OPIPM - Office of Project Management Oversight and Assessments
Definition typeDefinition
RelatedSources

Source 1:

DOE G 430.1-1, Cost Estimating Guide
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