The process of determining actual costs from actual expenditures. The way cost s are estimate d and the way money is spent are rarely the same, making it necessary to analyze and redistribute actual costs to arrive at cost s for estimating purpose [D02586] RMW

The process of determining the costs of operating an asset to deliver services. Cost is a key element in pricing services.

Using the take-off and the information presented in the scope documents to assign cost values to the elements of work previously catalogued (AACE International, 1992).

Costing is the process of assessing the costs and benefits of a particular action -- not only in monetary terms, but in terms of time, resources, emotional energy, and other intangible effects on people's lives.

The process of identifying the costs of the business and of breaking them down and relating them to the various activities of the organization.

The process of identifying the costs of the business and relating the to business units or activities

cost accounting.