cost tracking

Cost tracking is the process of monitoring and recording expenses to ensure they align with budgets. It helps in managing financial resources and identifying areas for cost control.

What are the best practices for IT budget forecasting and tracking?

IT budget forecasting and tracking are crucial for efficient financial management in software development companies. Best practices include conducting regular reviews, involving key stakeholders, utilizing software tools for automation, and aligning budgets with strategic goals. By following these practices, companies can ensure accurate budget projections and effective cost tracking.

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