Project Costing

Description

Project Cost management is the process by which one plans and manages the budget of a business or project. In the case of a project, it helps the project manager estimate what the project will cost and set in place controls by which they can reduce the chance of the project going over budget. At the close of the project, the actual costs that have been collected and documented are then compared to the estimated costs determined at the beginning of the project. This actual versus planned comparison is valuable data for predicting future project costs.

Key Features

• Cost Estimation.
• Fully integrated with Finance.
• Easy reporting.
• Ability to register all project expenses and cost related.
• Multiple currency financial plan and budget creation.
• Comprehensive reporting functionality with drilldown capability.
• Ability to track costs with different dimensions.