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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.
Every decision in the product development process affects cost: design is typically considered to account for 70–80% of the final cost of a project such as an engineering project [1] or the construction of a building. [2] In the public sector, cost reduction programs can be used where income is reduced or to reduce debt levels. [3]
A handwritten spreadsheet. A basic estimating spreadsheet. Cost estimators used columnar sheets of paper to organize the take-off and the estimate itself into rows of items and columns containing the description, quantity and the pricing components. Some of these were similar to accounting ledger paper.
Was one of the big three spreadsheets (the others being Lotus 123 and Excel). EasyOffice EasySpreadsheet – for MS Windows. No longer freeware, this suite aims to be more user friendly than competitors. Framework – for MS Windows. Historical office suite still available and supported. It includes a spreadsheet.
The cost breakdown analysis is a popular cost reduction strategy and a viable opportunity for businesses. [ 1 ] [ 2 ] [ 3 ] The price of a product or service is defined as cost plus profit, whereas cost can be broken down further into direct cost and indirect cost . [ 1 ]
Microsoft Excel 4/5/95 XLS, XLW, XLT Spreadsheet Yes Up to 3.6 [77] Microsoft Excel 97–2003 XLS, XLW, XLT Spreadsheet Yes Yes Microsoft Excel 2007-2021 XLSX Spreadsheet Yes Yes Microsoft Excel Web Query File IQY Data sources, text From 5.4 [78] No Microsoft Office 2007-2021 Office Open XML: DOCX, XLSX, PPTX Multiple formats Yes Yes Microsoft ...
Lotus 1-2-3 is a discontinued spreadsheet program from Lotus Software (later part of IBM).It was the first killer application of the IBM PC, was hugely popular in the 1980s, and significantly contributed to the success of IBM PC-compatibles in the business market.
Zero-based budgeting (ZBB) is a budgeting method that requires all expenses to be justified and approved in each new budget period, typically each year. It was developed by Peter Pyhrr in the 1970s.