Product Cost Management
Product cost management is a technology that predicts and records cost estimates for a product, system, or solution throughout its lifecycle. The software's functionality predicts costs and allows users to record estimated costs and compare actual costs with planned costs. It includes analysis tools to identify key cost drivers and use historical planned/estimated costs and actual costs to compare with future planned/estimated costs of products, services and solutions to make profitable tradeoffs.
Literal Meanings of Product Cost Management
Product:
Meanings of Product:
drugs, especially if it is considered a commodity.
Produce.
Synonyms of Product
goods, merchandise, wares
Cost:
Meanings of Cost:
The loss of something, causing the letting go or relinquishment of something.
Needing support or suffering to change something.
A rib on each side.
Sentences of Cost
Traveling around the world will cost you a lot of money.
