One of the first tasks when managing a project is the cost estimate. A cost estimate must be accurate, transparent and reliable. These factors are particularly important for a small business because ...

A well-researched and planned cost estimation and budget is necessary for the successful completion of any project. Project managers need to thoroughly scope the project in order to secure sufficient ...

When it comes to software development, the first question that comes to mind is: how much will it cost? Unfortunately, there is no precise answer to this question, as each software project is a unique ...

As school districts nationwide plan for long-term maintenance and construction costs, they share a number of common concerns. Districts ask: • How much is a typical monthly maintenance bill, and what ...

Accurate estimates are essential to a construction firm’s success. Overprice a bid and you’ll likely lose the project. Underprice it and you risk losing money and damaging relationships with partners ...

If you’ve managed a project before, you’ll know that keeping costs down is one of the biggest challenges during a standard project management life cycle. If your costs overrun, it can easily lead to ...

Value stream management involves people in the organization to examine workflows and other processes to ensure they are deriving the maximum value from their efforts while eliminating waste — of ...

Dan Galorath is founder and CEO of Galorath, a leader in cost estimation, actionable data and expertise for informed decision-making. Cost engineering has always been pivotal in balancing project ...

Estimators are often racing against the clock when preparing a construction takeoff and estimate. They juggle multiple projects and are frequently faced with the challenge of design plans that are ...