Assign budgets to each of your projects, and easily track performance.
Project Cost Management is the process of estimating, budgeting and controlling costs throughout the project life cycle, with the objective of keeping expenditures within the constraints of your project. Assign a budget to each of your projects and monitor expenses to stay ahead of costly surprises.
Plan and track all costs and expenses against your project from internal and external sources.
Cost control involves comparing what has actually been spent with what was planned at a particular date or stage in the project life cycle, and deciding whether revisions must occur. Track all direct and indirect costs associated with a project, developing accurate cost estimates for each activity or task in your project plan, and ensure that no overages occur on your project.
Stay ahead of all your costs and understand your project’s true spend at any moment in time.
As soon as a cost occurs, it is captured and measured against your project. Cost management is all about gaining visibility into what is going on in your projects so that you can take action before things go wrong. With Qamodo and using our purchase order feature, you can see what costs have been occurred against your project even before being billed.