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" ...

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 ...

Machine shops operate under constant pressure to deliver precision parts promptly while managing tight margins and demanding deadlines. Manual tracking methods often leave blind spots in labor ...

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 ...