What does Easy Cost Planning (ECP) allow users to do?

Easy Cost Planning (ECP) is a feature within project management and cost planning systems that facilitates users in entering detailed cost information at the work breakdown structure (WBS) level. This capability allows for a more granular view of costs, enabling project managers and financial planners to break costs down into distinct categories, such as labor, materials, overhead, and other relevant expense types.

By categorizing costs at the WBS level, ECP provides greater clarity and insight into how funds are allocated within a project, assisting in budget management and forecasting. This level of detail is essential for accurately tracking project expenditures and making informed decisions regarding resource allocation throughout the life cycle of a project.