Approximately 85% of the total project costs have been committed and the cumulative total for these committed costs
is on budget
It is common to define committed costs
in terms of previous contractual obligations and the capacity to provide service.
Marginal costing ignores cash flows that won't be affected by a proposal, since they are deemed irrelevant, but this can take a naive view of prepaid sunk costs or future committed costs
when applied to short-term decisions, since firms must cover all their costs in the medium to long term to make a profit.
Over the past week, in-depth examinations of the budget over several years have shown some rolling committed costs
of pounds 2.
Goldratt (1990a) argues extensively that labor and over-head costs are committed costs
and are irrelevant for resource allocation decisions.
Completion of the implementation process, Phase III, consists of the recording of accounts payable vouchers at the property site and the ability to record and track committed costs
at the budget line-item level.
By comparing real-time, actual and committed costs
, versus those tied to projected future activities, manufacturers gain a significant bottom-line operational advantage and fewer surprises at quarterly financial closes.
Discovery Minerals has a total of $450,000 committed costs
to assess and develop the property known as the Turquoise Mountain Project.
This feature provides developers with real-time budget visibility to track unapproved invoices and compare committed costs
against existing budgets for streamlined reporting of expenditures.
Additional support for the rating includes the member systems' 1996 reaffirmation to pay all of GTC's committed costs
via joint and several take-or-pay commitments, extending through the year 2025, and the member systems solid financial position.
Accelerating return on investments since upfront committed costs
are kept to a minimum
The PRISM Software Suite is designed for "single-source" data entry to ensure data integrity and is easily linked to corporate financial systems for downloading actual and committed costs
and to commercial estimating, planning and scheduling software for integrating costs with project schedules and resources.