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Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract.
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ISO 21500, Guidance on Project Management, is an international standard developed by the International Organization for Standardization, or ISO starting in 2007 and released in 2012. It was intended to provide generic guidance, explain core principles and what constitutes good practice in project management. [ 1 ]
In project management, project cost management is a major functional division. Cost estimating is one of three activities performed in project cost management. [3] In cost engineering, cost estimation is a basic activity. A cost engineering reference book has chapters on capital investment cost estimation and operating cost estimation.
Microsoft Project 2000 'Project' was an MS-DOS software application originally written in C (and some assembly) language for the IBM PC.The idea originated with Ron Bredehoeft, a former IBM S/E and PC enthusiast in the early 1980s, as a prank to express the recipe and all preparation for a breakfast of eggs Benedict in project management terms. [7]
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