Purpose of Cost Estimator:
Cost Estimator helps to estimate project budget based on project requirement,duration and resource.
When we use Cost Estimator:
We need cost estimator to estimate the project budget at the initial phase of project. We generally prepare project estimates write after understanding the project requirement and before starting the project design.
What are the advantages of Cost Estimator:
Cost estimator is the proof while executing any project and to charge the customer. This works as an agreement between developing team and client. We prepare the invoice based on the agreement and estimates shown in the cost estimator.
What are the Features of Cost Estimator:
Project details area is provided to capture the project info such as Project Name, Project Number, Start Date, End Date and Key assumptions.
We are capturing the following fields for estimating the project budget.
Task: We divide project requirement into different tasks and start developing and complete the task by allocating to a required resource.
Resource Type: Each project required variety of skills and resource based on the project requirement an level of project complexity.
Resource Cost: cost of each resource depended on resource type,such as experience,Designation ad qualification.
Budget Hours: Budget hours known as time spend on each task. The duration of each task depends on tasks, requirements, resource skill set, and complexity.
Total Cost: Total Cost also we tells as final price spend on the total tasks or project.
Project Contact Details:
Project contact area is provided to record the customer and project management contact details.
Project notes area is provided to write the important notes to be considered while executing or delivering the project.
You can use the settings area to change the default areas of each section.
Cost Estimator: Screen-shots
Please find the screen-shots of the cost estimator template, which are available in the above slide show. The actual templates will be much better as we are keep on improving our templates.