cost

The total scheduled cost for a summary task, normal task, resource, or assignment or for an entire project. This is sometimes referred to as the current cost, or budget. Cost can be simply a fixed cost for a task, or it can also include costs incurred as a result of measurable work.

'SOURCE; projectlearning.net

The cash value of project activity.

SOURCE: apm.com

Cost can be divided into internal and external expenses. External costs can be controlled by contracts and budgets for each phase of a project and for each deliverable or work product. Internal cost is the cost of project resources.

SOURCE: welcom.com”