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Cost analysis

What is meant by Cost analysis?

The term "cost analysis" refers to the process of examining and evaluating the cost structure of a company or project to identify cost drivers, potential savings, and economic efficiency. The goal of cost analysis is to provide a solid foundation for financial decisions and improve cost control.

Typical software functions in the area of "cost analysis":

  1. Cost Categorization: Classification of costs into various categories such as material costs, labor costs, and operating expenses for better analysis.
  2. Cost Tracking: Monitoring and recording actual costs compared to budgeted costs over different periods or projects.
  3. Cost Comparison: Analyzing cost differences between various periods, departments, or projects to identify deviations and trends.
  4. Budgeting: Creating and managing budgets, including setting cost targets and planning resources.
  5. Cost Reporting: Generating reports and dashboards that provide detailed information on the cost structure and development.
  6. Cost Forecasting: Predicting future costs based on historical data, trends, and scenario analyses.
  7. Cost Efficiency Analysis: Evaluating the efficiency of expenditures and identifying opportunities for cost reduction or improved resource utilization.

The function / module Cost analysis belongs to:

Statistics/Forecast

classification and regression trees
Course participant and learning statistics
Customer and sales data analysis
Customer evaluations
Econometric and statistical analyses
Linked data management
Mandate analysis
Metropolis algorithm
Network Statistics
Predictions
Utilization analysis according to loss classes

Budget planning

Cost analysis, cost management

Software solutions with function or module Cost analysis:

DELECO® ERP - Merchandise management, production, maintenance
ERP twyz.enterprise
Microsoft Dynamics 365
microtech büro+
myPARM - Multi-project management software
PrintVis
Sage HR Suite
Show all 24 programs with Cost analysis