Project costing

Project costing consists of evaluating the costs of a project in order to estimate the total cost of its realization.

To put a price tag on a project correctly, you need to take a wide range of costs into account.

• Material costs, such as equipment or software licenses.
• Labor costs, i.e. crew remuneration.
• Indirect costs, which include all the expenses required to carry out the project, but which have no impact on production (premises, energy requirements, travel expenses, etc.).

It's also a good idea to build into your project budget a margin for unforeseen events.