Budget Terms Flashcards
(4 cards)
1
Q
CapEx (Capital Expenses)
A
Large one-time costs (hardware, install, dev builds)
2
Q
OpEx (Operational Expenditures)
A
Ongoing maintenance or staffing costs
3
Q
Contingency
A
Set aside funds for unforeseen issues (usually 10-15%)
4
Q
Variance
A
The difference between projected and actual cost (monitor monthly)
