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Resource-Based vs Activity-Based Estimating Software
The pros and cons of Resource based estimating and activity based estimating.
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What Can You Expect From A Cost Consultant?
Whether you are improving your cost management practices or simply don’t have enough resources to support your cost management process, it might be time to get some outside experience in. A cost consultant possesses knowledge about the industry’s best practices and examples of common mistakes and failures.
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What is Cost Modeling Software?
Making confident decisions early on can determine whether a project stays within budget and schedule or risks overruns. Yet, early estimates are often made with limited data, leaving room for uncertainty. This is where cost modeling software makes a difference, helping organizations generate consistent, reliable, and data-driven estimates, even in…
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Work Breakdown Structures (WBS): the correct philosophy
Dig into the Work Breakdown Structures for assigning the work-packages / deliverables and apply the correct cost control philosophy.
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How to reduce scope growth with Change Management
Managing changes is essential in successfully performing cost control. Estimate and process the impact of changes to reduce the scope growth.
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The best management tools for every department
Effective project management requires the use of standardized processes and advanced software tools to ensure proper execution of every project.
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Estimate your projects' costs by looking into your history
Historic project data is often far more valuable than you might think. We provide some examples of how they prove their worth.
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Parametric estimating in project management
Parametric estimating for estimating projects is a technique that involves using mathematical relationships and statistical analysis to develop cost estimates based on a set of parameters or variables. Instead of relying solely on engineering input or detailed project specifications, it leverages the relationship between various project characteristics to derive cost…
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Quick guideline for Project Benchmarking in the Construction Industry
A guideline which describes the project benchmarking process including key factors for successful implementations.
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How to choose the right cost accounting software?
Cost accounting, often referred to as management accounting, is the branch of accounting that provides economic and financial information about project costs to aid management to plan and control projects and other business activities. In order to practice cost accounting effectively, a project controls software package should assist the user in…
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