Cost forecasting : The basis of any decision.

As a manager, your first mission is permanently to make decisions. Therefore you need reliable forecasts in all the business fields, marketing, technology, finance, environment, human resources, etc …

Your shareholders, your management … make first judgments on the accuracy of your forecasts, from which is derived the quality of your decisions. The business press shows a trend towards an increasing demand on decision makers in terms of forecasting.

Cost plays a central role where forecasting is concerned, because cost synthesizes all the projects facets. Decision about cost is extremely important : it is irreversible. If it is wrong, the only thing you can do afterwards is try to alleviate its consequences on the project.