About Cost Management
Cost Management in Autodesk BIM 360 is a robust set of capabilities purpose-built for construction teams, centralizing all cost activities in the cloud. Cost Management helps to improve cost control and streamline workflows. It also provides real-time visibility into cost-related risk, allows for more accurate forecasting, brings more predictability to cash flow and profitability projections.
Key Functionalities
There are many functionalities available within Cost Management. Check out this overview video to learn more about them:
Within Cost Management, you can work with tools that help track costs, manage risk, and keep a project on a budget:
- Home - Use the home page to control your project with an aggregated view of important dates in a calendar.
- Budgets and Contracts - Create and manage budgets and contracts to track incoming and outgoing cash for your project.
- Payments - Create and manage budget and cost payment applications. Learn more about main contracts, billing periods, and expenses.
- Change Orders - Work with cost items and follow the change order workflow.
- Forecast - Visually schedule time-based allowances, such as general conditions. It also helps you understand how your budget and time interact with each other.
- Settings - Cost Management is flexible and customizable. Configurable features allow teams to customize the software to suit their needs and preferences. Learn more about setting up Cost Management.
Getting Started with Cost Management
You’ll find the Getting Started article helpful when this is your first contact with Cost Management or if you want to refresh your knowledge. Browsing through that, you can check the:
- First Steps in Cost Management section. You’ll learn how to create a new simple project, manage main permissions, or learn how to do the basic setup, like define the code formats or budget code segments.
- Terminology in Cost Management article, where you find definitions of terms used in Cost Management.
Possible Workflows with Cost Management
See the basic financial workflow within Cost Management and how those functionalities can streamline your processes.
Here are examples of workflows that can be used throughout a project. See the Collaborate with Others in Cost Management article to learn more how to work with owners and suppliers in Cost Management.
Cost and Change Management Workflow
Use this workflow to control cost and confirm that all changes are accounted for and managed effectively. Maintain positive cash flow, reduce risk, and maximize profit.
| Why follow this workflow? | Capabilities used |
|
- Customizable to suit your needs and preferences - Provides a real-time summary view of all budget items and contracts - Streamlines upstream and downstream change order workflows |
- Budget and contract management - Change order management - Payment applications - Forecasting |
Payment Application Workflow
Use this workflow to manage incremental pay applications effectively, automate tasks, and gain a real-time view of the project’s financial health.
| Why follow this workflow? | Capabilities used |
|
- Adds a level of automation - Easy to manage and track - Provides a real-time summary view of all cost and budget payments |
- Budget and contract management - Change order management - Payment applications - Document generation |
Frequently Asked Questions
Went through the help documentation and didn’t you find the answer you're looking for? Try here: Cost Management FAQ.
More Resources
Want to learn more about Cost Management? Check out our other resources:
