Cost engineering provides businesses with techniques to manage costs throughout a project from planning to estimating to developing affordable products. It helps businesses control costs, make products affordable for consumers, and make better decisions to be competitive. Cost engineering software makes it easy to generate estimates, track resources and costs, use past data to inform estimates, and capture cost models. This software supports industries like power, oil and gas, and chemicals to estimate costs for project phases from feasibility to construction and manage costs, value, planning, risk, and contracting to ensure on-time project completion within budgets.

1. Introduction of Cost
Engineering

2. Cost Engineering
A business can get an overall cost
management solution by using cost
engineering techniques. Starting from
planning and scheduling to estimating costs
and encouraging the development of
affordable products and technologies, cost
engineering knowledge can help
businesses manage all these and more.

3. With cost engineering, businesses can
manage not only their costs, but also impart
affordability to their offerings, and enjoy a
competitive edge in the market by boosting
productivity and making better, informed
decisions with respect to project execution.

4. There are many cost engineering software
available in the market these days that are
as easy as excel and can let businesses –
• Make educated guess, request bids, evaluate and
keep track of resources and costs
• Use past data and industry sources to generate
conceptual estimates
• Handle real-time detail estimating of material take
offs (MTOs) derived from engineering systems,
and
• Capture cost estimate correlation in sophisticated
cost models

5. Cost engineering offers solutions for a wide
range of industries, like Power, Oil & Gas,
Chemical, Offshore, etc. With the help of relevant
cost engineering software, one can prepare and
validate cost estimates for various phases of project,
right from feasibility to construction. Such software
can also help in cost management, value
engineering, planning, risk analysis and
contracting, thus helping businesses have a firm
grip on their projects and budgets so that they can
make sure of the timely completion of their projects .

6. Thank You
Benchmark Estimating
http://www.benchmarkestimating.co.uk/

7. Thank You
Benchmark Estimating
http://www.benchmarkestimating.co.uk/