Project Costing
Systematically track project costs and focus on your objectives to keep your project in budget
Benefits
- Record costs directly in the project and break these down as required
- Compare and analyze project costs in a simple, clearly structured way
- Plan, calculate and synchronize your outlay directly in the project
Record project costs and break these down to meet your needs
With Project Costing, you use cost sheets to record cost items quickly and easily in the project. The categorization of the cost sheets as nominal, planned or actual determines the importance of the various items they contain. If you choose a cost item type that has to be recorded in terms of hourly work then the hourly rate can either be set by default on the basis of the selected cost center or can be defined freely. You can enter the period during which costs are incurred freely or synchronize it automatically with the dates for the task via the link to the project task.
Default and needs-oriented cost breakdowns
With Project Costing, you can also record and analyze cost items independently of the predefined planned structure, for example in the case of dates. As is usual in project controlling, the costs are broken down on the basis of the properties cost type, cost center and plant. So-called cost folders allow you to break down and analyze the cost items in a sheet on the basis of further criteria such as, for example, engineering discipline or product components.
Record project costs and break these down to meet your needs
With Project Costing, you use cost sheets to record cost items quickly and easily in the project. The categorization of the cost sheets as nominal, planned or actual determines the importance of the various items they contain. If you choose a cost item type that has to be recorded in terms of hourly work then the hourly rate can either be set by default on the basis of the selected cost center or can be defined freely. You can enter the period during which costs are incurred freely or synchronize it automatically with the dates for the task via the link to the project task.
Default and needs-oriented cost breakdowns
With Project Costing, you can also record and analyze cost items independently of the predefined planned structure, for example in the case of dates. As is usual in project controlling, the costs are broken down on the basis of the properties cost type, cost center and plant. So-called cost folders allow you to break down and analyze the cost items in a sheet on the basis of further criteria such as, for example, engineering discipline or product components.
With Project Costing, you use cost sheets to record cost items quickly and easily in the project. The categorization of the cost sheets as nominal, planned or actual determines the importance of the various items they contain. If you choose a cost item type that has to be recorded in terms of hourly work then the hourly rate can either be set by default on the basis of the selected cost center or can be defined freely. You can enter the period during which costs are incurred freely or synchronize it automatically with the dates for the task via the link to the project task.
Default and needs-oriented cost breakdowns
With Project Costing, you can also record and analyze cost items independently of the predefined planned structure, for example in the case of dates. As is usual in project controlling, the costs are broken down on the basis of the properties cost type, cost center and plant. So-called cost folders allow you to break down and analyze the cost items in a sheet on the basis of further criteria such as, for example, engineering discipline or product components.
Compare and analyze project costs with dashboards
Dashboards for the cost sheets make it particularly easy to track and analyze project costs. Their GUIs show you all the important information in a clearly structured way and display the sheet properties, the items they contain, as well as the activities associated with the individual items. For your real-time controlling, you can track all project costs over time and compare the current nominal, planned and actual costs at any time. These also include the associated analyses and graphical charts.
Compare and analyze project costs with dashboards
Dashboards for the cost sheets make it particularly easy to track and analyze project costs. Their GUIs show you all the important information in a clearly structured way and display the sheet properties, the items they contain, as well as the activities associated with the individual items. For your real-time controlling, you can track all project costs over time and compare the current nominal, planned and actual costs at any time. These also include the associated analyses and graphical charts.
Dashboards for the cost sheets make it particularly easy to track and analyze project costs. Their GUIs show you all the important information in a clearly structured way and display the sheet properties, the items they contain, as well as the activities associated with the individual items. For your real-time controlling, you can track all project costs over time and compare the current nominal, planned and actual costs at any time. These also include the associated analyses and graphical charts.
Plan, calculate and synchronize outlays directly in the project
The work outlay in a project is usually planned and recorded in the project tasks in the project structure plan. That is why Project Costing permits the synchronization of the elements in the structure plan with the cost items at the push of a button. In this way, the outlay for selected project tasks flows directly into the cost breakdown.
Synchronize cost items with the ERP system
If the actual costs of a project are recorded, for example, in the ERP system then these can be transferred automatically. To ensure reliable data synchronization, Project Costing uses the SOA/web services technology and provides suitable interfaces for SAP, Psipenta, IFS and other systems.
The work outlay in a project is usually planned and recorded in the project tasks in the project structure plan. That is why Project Costing permits the synchronization of the elements in the structure plan with the cost items at the push of a button. In this way, the outlay for selected project tasks flows directly into the cost breakdown.
Synchronize cost items with the ERP system
If the actual costs of a project are recorded, for example, in the ERP system then these can be transferred automatically. To ensure reliable data synchronization, Project Costing uses the SOA/web services technology and provides suitable interfaces for SAP, Psipenta, IFS and other systems.
Project Costing is tool qualified for ISO 26262 standards
CONTACT Elements is tool-qualified by TÜV Nord in accordance with ISO 26262. In addition to the CONTACT Elements platform, the international technology expert has certified the products CIM Database for PLM and Project Office for project management, as well as Project Costing and a number of other CONTACT Elements software modules. With this certification, TÜV Nord assures that our software fulfills the requirements of ISO 26262 for standards for software tools for the development of safety-relevant properties.
Related Elements
Calculate product costs to ensure that the price is right
Calculate product variants and their costs quickly and efficiently
Plan sales targets for optimum costing and increase the profitability of your products
Focus on your objectives to keep your project costs in budget
Indicator-based project controlling: Monitor progress, improve performance and achieve targets
Define indicators for products, projects and processes to improve your performance
Specify target values for product attributes and record actions to be taken in the event of discrepancies
Keep an eye on your indicators and the success of actions taken at all times
Effectively combine project management and project execution
Generate the work breakdown quickly and easily from the appropriate project templates
Help managers, planners and specialist employees to work closely together
You can also link the work breakdown structure to results, resources and quality planning
Further information
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