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Project cost management software is a specialized tool designed to help organizations plan, track, and control project-related costs effectively. These software solutions are crucial for ensuring that projects stay within budget and are completed profitably. Key Features Budget Creation and Allocation: Users can establish detailed budgets for various project components, which serves as a baseline for tracking expenses. Cost Tracking: The software enables continuous monitoring of project expenses, helping to keep the project within the allocated budget and quickly identify any financial discrepancies.