The initial budgetA budget represents the (time-phased) cost performance targe... More established at or near the tiome ther contract[Output/Input]
A contract is a mutually binding agreement... More was signed or a projectA temporary endeavour undertaken to create a unique product,... More authorised, based on the negotiated contract costThe estimated cost negotiated in a cost plus fixed fee contr... More or management’s authorisationThe process of approving, funding, and communicating the aut... More.
