Cost management is the number one factor during any project kick off and it is during this time that budget is estimated, allocated and controlled. Project managers play an integral role during these times ushering projects from inception all the way through completion. In the field of project management, cost estimation is the first factor associated with completing a project within the scope and timeline.
Everything from manpower to materials are the driving forces for the project from the start to finish. Managing those manpower and materials and knowing how much or how many are needed to drive the project in a very cost efficient without compromising on quality will be the successful criteria to decide the best project cost estimation tool. This application is mainly design focused and best suited for Building Construction and Maintenance where material transactions worth millions are estimated which needs to be costed and well managed to deliver high end critical projects.
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