- Budgeting: Property software typically includes a budgeting module that allows users to create and manage project budgets. The module can help to allocate costs across various cost centers and track actual versus planned expenses.
- Cost Estimation: Project costing features in property software may include cost estimation tools that help to forecast costs for different project phases, such as design, construction, and post-construction. These tools can help to identify potential cost overruns and allow users to take corrective action.
- Expense Tracking: Property software can help to track expenses related to labor, materials, equipment, and other project costs. The software can capture data from various sources, such as invoices, receipts, and timesheets, and generate reports that provide insights into spending patterns and trends.
- Change Management: Changes to the project scope or requirements can impact project costs. Project costing features in property software can help to manage change requests and evaluate their impact on the budget and schedule.