SoftGuide > Functions / Modules Designation > Cost determination

Cost determination

What is meant by Cost determination?

"Cost estimation" refers to the process of determining the total costs of a project or task by analyzing various cost factors such as labor hours, material costs, equipment expenses, and other relevant expenditures.

Typical functions of software in the field of "cost estimation" include:

  1. Cost Information Capture: Capturing and managing data on various cost components, including labor costs, material costs, operating expenses, etc.

  2. Labor Cost Calculation: Calculating costs based on labor hours, wage rates, and other labor-related expenses.

  3. Material Cost Estimation: Estimating costs for materials based on quantities, prices, and other relevant information.

  4. Consideration of Overhead Costs: Incorporating indirect costs such as administrative fees, operating expenses, and general expenses into the overall cost estimation.

  5. Adjustment Capabilities: Ability to adjust cost calculations based on specific project parameters, changes in project scope, or other variables.

  6. Reporting and Analysis: Generating reports and analyses to provide a detailed breakdown of total costs as well as comparisons with budget targets or actual expenditures.

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The function / module Cost determination belongs to:

Cost analysis, cost management

Software solutions with function or module Cost determination:

SC-Manager
SC-Manager
 
 
 
 
 
 
Supply chain management software
SIDOUN Globe
 
 
 
 
 
 
AVA software with cost management and full MS Excel and Word integration
flink
flink
 
 
 
 
 
 
Modern performance & analytics software
CIO Cockpit
CIO Cockpit
 
 
 
 
 
 
Create transparency in your IT - for more efficiency and cost optimisation.
OCT planning
OCT planning
 
 
 
 
 
 
Unlimited possibilities for corporate planning at operational level
elKomBI
elKomBI
 
 
 
 
 
 
Controlling software for analysis, planning and reporting with IBM Planning Analytics TM1
PST-BI
 
 
 
 
 
 
Data warehouse, cost accounting, planning, reporting, business analytics for SMEs
myPARM - Multi-project management software
Multi-project management and PPM software