Dear Respected Research Gate Members,
What are the differences between “direct costs”, “Indirect costs” & “Ongoing costs” in project management?
Thanks & Regards
A direct cost is a price that can be completely attributed to the production of specific goods or services. Some costs, such as depreciation or administrativeexpenses, are more difficult to assign to a specific product and therefore are considered to be indirect costs.
Indirect costs are costs that are, but not necessarily, not directly accountable to a cost object (such as a particular project, facility, function or product). ...Indirect costs may be either fixed or variable.Indirect costs include administration, personnel and security costs.
An operating expense, operating expenditure, operational expense, operational expenditure or opex is an ongoing cost for running a product, business, or system. Its counterpart, a capital expenditure (capex), is the cost of developing or providing non-consumable parts for the product or system.
https://www.investopedia.com/terms/d/directcost.asp
https://en.wikipedia.org/wiki/Indirect_costs
https://en.wikipedia.org/wiki/Operating_expense
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