Cost Engineering

Cost engineering is a discipline that focuses on managing and controlling project costs throughout its lifecycle. It involves estimating expenses, budgeting, and assessing the financial impact of design choices and project changes. By analyzing costs and optimizing resources, cost engineers help organizations deliver projects within budget while maintaining quality. This field is essential in construction, manufacturing, and various industries, ensuring that projects are financially viable and efficient, ultimately contributing to a company’s profitability and competitiveness.