Information Technology

Gartner Glossary

Product Cost Management

Product cost management is a technology that predicts and captures estimates of the costs of products, systems or solutions over their life cycles. Software functionality predicts costs and enables users to capture estimated costs and track actual costs versus predicted costs. It includes analytical tools to identify the major sources of costs and to leverage historical predicted/estimated costs and actual costs for comparison, with future predicted/estimated product, service and solution costs for profitable trade-offs.

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