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Cost Management: The Importance of Close-Out Reports

Cost Management: The Importance of Close-Out Reports

If you have ever been involved in a project, you probably know how it usually ends; in the weeks or months prior to the formal ending, several project members and teams are already moving to new projects because there work is done. Then, at the project’s formal ending, there’s probably a meeting or gathering where there’s champagne, a lot of hands to shake, some congratulations… Then everybody goes their own way.

  • 3 cost estimation examples to learn from

    Estimating a project’s cost is an art in itself. But it doesn’t stop when you find your totals. Interpreting and reporting your estimate is equally important. When the project progresses, an estimate allows you to look ahead, but also to look back at where you came from, to determine the performance of your project.

  • Get more insight into Cost Engineering’s visit through the US & Canada

    Cost Engineering has traveled through the US & Canada to meet and engage with the companies in the region. We also participated in the Seminar ‘The future of project controls: An integrated solution’ with a presentation led by our Vice President Business.

  • What is cost and management accounting?

    Accounting is a business language. We can use this language to communicate financial transactions and their results. Cost accounting and management accounting are two important terms in accounting that are used to control and formulate the organization policies. Both are used for different purposes with different styles. Let’s look at the main differences.

  • Insight: 4 cost models you can create with cost estimating software

    Cleopatra Enterprise allows you to use your own estimation models and techniques, and implement them in a state-of-the-art estimating solution, enabling you to make use of its powerful features. It is also a great tool to start designing new and improved cost models. Below are 4 cost estimation models to show the tip of the iceberg.