Project Cost Control Software
A number of software applications are available which can ease the burden of cost control and guidance on corrective action. Most of this software is free to use for limited periods and can be purchased if the use proves beneficial.
Project Budget Manager 3.1
This is a cost control program that can be even used for very small projects. The software is kinder to engineers and emphasizes the control aspect rather than the accounting part. It maintains all income and expenditure data in one database and then compares them with budgeted and forecast expenditures.
Job Cost Controller for Excel 3.01
This software uses Excel spreadsheets to keep track of all cost tracking. The format is suitable for contractors and engineers and all other technical people. It tracks the construction costs and ties it up to estimates and other parameters that can be set up by the user. Variances are reported for both over budget and under budget items. The project manager or owner will be able to see costs for each period and also assess profit and loss where such parameters are important.
Project Risk Analysis 2.0
This is software that can help project managers assess the risks on capital intensive projects. It uses a number of stimulation models that are accepted to monitor the costs and judge them with respect to the risk involved.
SW Cost Estimation
This is mainly oriented towards cost control on software projects and has a number of models which can be used to monitor a project. This can also estimate likely costs based on pay structure and personnel being used for the project. The models would suggest the likely manpower requirement and thus arrive at figures for the cost of the project based on present costs being incurred.