This product or service is called a deliverable. Where appropriate, you can record information about the deliverables in your project. Tip: This article is part of a series of articles within the Project Map that describe a broad set of project management activities.
Kâs Premier Cabinets uses job costing to calculate the cost of jobs as they are completed. The company estimates that it will have $1,250,000 in overhead costs in 2015. The company believes that employees will work 200,000 hours and that 150,000 machine hours will be used during 2015.
Calculating the Costs. 1  1. Read the project details. You canât estimate until you know what you must build. 2  2. Investigate the job site. Surprises at the jobsite also lead to cost overruns. 3  3. Talk to subcontractors. If you need to use subcontractors on the job, then youâll need to calculate their costs.  4. Estimate costs by the stick.