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Project Cost Management (PCM) is the dimension of project management which aims to ensure that a project is completed within its approved budget. [1] [2] It encompasses several specific project management activities including estimating, job controls, field data collection, scheduling, accounting and design, and uses technology to measure cost and productivity through the full life-cycle of ...
Project management software are computer programs that help plan, organize, and manage resources.. Depending on the sophistication of the software, it can manage estimation and planning, scheduling, cost control, budget management, resource allocation, collaboration software, communication, decision-making, quality management, time management and documentation or administration systems.
Tools used in cost are, risk management, cost contingency, cost escalation, and indirect costs. But beyond this basic accounting approach to fixed and variable costs, the economic cost that must be considered includes worker skill and productivity which is calculated using various project cost estimate tools.
PLANTA Project: Yes Yes No Project KickStart: No No No Project Team Builder: No No No ProjectLibre: Yes [38] Yes [39] No ProjectManager.com: Yes [40] Yes [41] No Project.net: No Yes [42] Yes Projectplace: No No No Projektron BCS: Yes Yes Yes ProjeQtOr: Yes Yes Yes Proliance: No No No Prolog: Yes Yes Yes Pyrus: Yes Yes Yes RationalPlan: Yes Yes ...
Basis of estimate (BOE) is a tool used in the field of project management by which members of the project team, usually estimators, project managers, or cost analysts, calculate the total cost of the project.
In its most basic form, capital program management software is a database that centralizes key project information related to processes, project scope, cost, and schedule. This software enables a methodical approach to data entry , process management , and information retrieval.
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