Technology Usage in Costing and Budgeting
Technology Usage in Costing and Budgeting
The estimates of costs for various components of the project are developed into a comprehensive project
budgeting document that allows for ongoing project tracking and cost control.
Advances in information technology and software packages have transformed
the way cost estimation and budgeting of projects is completed,
allowing for advanced costing methods, real-time cost tracking, budget reporting and dashboards,
and various methods to prevent and control cost overruns.
For this week’s discussion explain how both small and large organizations can utilize technology
to assist organizations and their project managers in costing and budgeting a project.
discuss how technology can be utilized to overcome common problems with cost estimation.
References:
Harris, T. S. (2014). Project Management: Picking out the right software for you. Officepro, 74(1), 10.
Heldman, K. (2011). Project Management Jumpstart. Indianapolis, IN: Wiley Publishing, Inc.
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