Cost Management

Abstract

A state-of-the-art project management tool can process all cost data associated with the project in a clear and businesslike fashion. This includes planned and actual cost data from a single cost record up to summary reports and analysis. The benefit of a software tool is its ability to intelligently link the available data in order to obtain and display important aids for the user:  Project managers require cost trend analysis charts for the project  Project offices expect overviews of which projects are exceeding budgets  Accounting departments expect project cost data to be correctly assigned and synchronized with an ERP system at the end of each month