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.
For example, if you have four people working on a job for four eight-hour days, that is 128 hours in total person-hours. Add up your costs for labor and materials, add in the profit margin and divide by the number of hours you estimate the job will take. This will give you an hourly rate. Estimate costs and expenses using a software package designed for landscaping, such as CLIP or LandPro. You can also hire a professional landscape estimator or estimating service to do this work for you.