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  2. Basis of estimate - Wikipedia

    en.wikipedia.org/wiki/Basis_of_estimate

    The total number, as well as the smaller numbers for various elements within a project, can be used for managing a project team, determining the team's efficiency, and ensuring that the project is not wasting materials and budget unnecessarily. The BOE can be used to ensure financial stability of a company.

  3. Construction estimating software - Wikipedia

    en.wikipedia.org/wiki/Construction_estimating...

    Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract. Some architects, engineers ...

  4. Project cost management - Wikipedia

    en.wikipedia.org/wiki/Project_cost_management

    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 ...

  5. Cost estimate - Wikipedia

    en.wikipedia.org/wiki/Cost_estimate

    A cost estimate is often used to establish a budget as the cost constraint for a project or operation. In project management, project cost management is a major functional division. Cost estimating is one of three activities performed in project cost management. [3] In cost engineering, cost estimation is a basic activity. A cost engineering ...

  6. 7 Best Budgeting Methods If You Live in a High-Cost State - AOL

    www.aol.com/finance/7-best-budgeting-methods...

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  7. Earned value management - Wikipedia

    en.wikipedia.org/wiki/Earned_value_management

    The project can spend 50% of the budget, whilst finishing only 25% of the work, which would mean the project is not doing well; or the project can spend 50% of the budget, whilst completing 75% of the work, which would mean that project is doing better than planned. EVM is meant to address such and similar issues.

  8. How to budget with the 50/30/20 rule: A simple, effective ...

    www.aol.com/finance/50-30-20-budgeting-rule...

    Frequently asked questions: The 50/30/20 rule and budgeting strategies. Learn more about this budgeting strategy and managing your money before integrating the 50/20/30 rule into your finances.

  9. Project management triangle - Wikipedia

    en.wikipedia.org/wiki/Project_management_triangle

    The project management triangle (called also the triple constraint, iron triangle and project triangle) is a model of the constraints of project management. While its origins are unclear, it has been used since at least the 1950s. [1] It contends that: The quality of work is constrained by the project's budget, deadlines and scope (features).

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