Financial Thresholds For Project Cost Control: Odds Expenditure Guidelines (Oegs)
Odds expenditure guidelines (OEGs) are financial thresholds that help identify potential cost overruns in projects. They are calculated based on the base cost estimate (BCE), contingency, and estimate at completion (EAC). BCE is the original cost estimate, while the contingency is a buffer for unexpected risks. EAC is the projected total project cost, including BCE …
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