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Cost estimation

What is meant by Cost estimation?

"Cost estimation" refers to the process of predicting or estimating the costs associated with a particular project, task, or product.

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

  1. Cost Parameter Capture: Capturing and managing various cost parameters such as labor hours, material costs, equipment costs, and other relevant cost factors.

  2. Labor Cost Calculation: Calculating costs based on labor hours, wages, 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 overhead costs such as administrative expenses, operational costs, and indirect costs into the overall cost estimation.

  5. Cost Adjustment Based on Parameters: Ability to adjust costs based on various parameters such as project size, complexity, geographic location, and other factors.

  6. Reporting and Analysis: Generating reports and analyses that provide a detailed breakdown of estimated costs as well as comparisons with actual costs.

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The function / module Cost estimation belongs to:

Cost analysis, cost management

Software solutions with function or module Cost estimation:

Voracity
Voracity
 
 
 
 
 
 
The most powerful platform for end-to-end data management
PST-BI
PST-BI
 
 
 
 
 
 
Data warehouse, cost accounting, planning, reporting, business analytics for SMEs
fi-square
fi-square
 
 
 
 
 
 
The complete solution for manufacturing companies
hheader
hheader
 
 
 
 
 
 
Calculation tool for planning and commissioning in the field of plant engineering
prima
prima
 
 
 
 
 
 
The solution for project-oriented service companies
OCT planning
OCT planning
 
 
 
 
 
 
Unlimited possibilities for corporate planning at operational level
LEEGOO BUILDER
LEEGOO BUILDER
 
 
 
 
 
 
CPQ system with calculation, product configuration and document output
SIDOUN Globe4all®
SIDOUN Globe4all®
 
 
 
 
 
 
Innovative, leistungsfähige Cloud AVA-Software.
GEBRA-Suite
GEBRA-Suite
 
 
 
 
 
 
Customized business applications with flexible modules
elKomBI
elKomBI
 
 
 
 
 
 
Controlling software for analysis, planning and reporting with IBM Planning Analytics TM1
Show all 16 programs with Cost estimation