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Use this template to describe the economic cost of your proposal. The economic cost is greater than the price paid for goods and services the accounting because it also includes the cost of focusing on this purchase or activity and excluding others the opportunity cost. For example the economic cost of war is the actual monies paid out plus the cost of not having the resources of those monies personnel and equipment available for peaceful activities. Accounting Cost Describe here the actual outlay of monies needed to complete the proposed project. You may need to refer to another document that explains the costs in more detail. Opportunity Cost Describe here the alternative opportunities that may be lost while you complete the proposed project. In other words what would you or your client do with the money and personnel if you did not do the project. Summarize your recommendations or concerns here.
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