Project Cost Category

There are two basic types of costs in every project.

Direct Costs
Direct costs are the materials, space or subcontractors used for a project and have an explicit cost you can allocate to the project.
Time
In the form of labor, machinery or other resources, the main factor used in calculating the cost is time.

Many treat these costs differently simply because they may be tracked or managed in different systems. You need to bring all these together, so you get a holistic view of your entire project costs. From there you can manage the financial aspects of your projects more effectively.

Key Capabilities

● Hour of Labor Cost Management

● Equipment Occupancy Cost Management
● Material Consumption Cost Management
● Partner Outsourcing Cost Management

Estimate at completion and Cost to complete

● Typically, most create a project budget and then track actual as the project progress. However, they do not consistently compute EAC and Cost-to Complete (CTC).

● By periodically evaluating CTC and EAC, controllers can predict and record variances before they materialize and in time to take corrective action. It is also crucial in spotting trends and making mid-project corrections.

Project Cost Management & Results

Better Project Cost Management = Better Business Performance

Real-time Visibility
Consistent real-time visibility into the financial status of your projects, so you always know where your business stands.
Cost Control
Govern your costs through systemized control mechanisms that automatically track and evaluate your costs across all projects.
Risk Readiness
Predict and record cost variances before they materialize, in time to take corrective action.

Advanced Project Cost Management with Aim.link PBO

Manage your project costs in one system and transform how you manage your business.

● Align your financial with your operations in real time, so your financial reports always reflect the current operational plan.

● Leverage the WBS to feed your CBS with the most accurate cost estimates from the updated timeline.


● Automate the change order process to eliminate manual workloads.


● Evaluate cost to complete with real-time work estimates from the schedule.