AXtension® Project Cost Control
Successfully controlling costs and keeping a project within budget both have a huge influence on its profitability and its customer satisfaction level. A contractor’s profit margin is greatly reduced if he is not able to respond to budget overrun in a timely manner. To prevent this from happening, the need for efficient forecasting and budgeting methods like earned value management are crucial. Simplifying progress reporting and tracking costs easily against dedicated cost codes are necessary for success.