The profitability of any project is contingent on a number of factors. One of the most crucial aspects depends on the contractor’s ability to control the project’s cost. With multiple "moving parts" ...

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 ...

When it comes to knowing costs, equipment data can be scattered across an organization, with each source telling a different story. The critical question is: Which dataset is the real source of truth ...

Managing material resources in a project can feel like trying to solve a complex puzzle—one where every piece, from costs to quantities, needs to fit perfectly to avoid delays or budget overruns. If ...

Engineering and development teams are tasked with building and sustaining well-functioning technical systems. It’s invaluable work—but that doesn’t mean money is no object. With a focus on nuts and ...

Cost-sharing: The project costs that are not borne by the sponsor. Cost sharing of effort is the provision of faculty, staff, and/or student time and related fringe benefits that were committed and ...