homage. n. 1. a public show of respect or honour towards someone or something (esp in the phrases pay or do homage to). 2. (Historical Terms) (in feudal society). a. the act of respect and allegiance made by a vassal to his lord. See also fealty.
Cost management is the process of planning and controlling the budget of a business.
Benefit/Cost (B/C) Analysis is defined as a systematic process for calculating and comparing benefits and costs of a project for two purposes: 1  To determine if it is a sound investment (justification/feasibility); and.