There are significant variations in cost estimation between foreign projects and domestic projects. As the only one specialized software which is developed according to the characteristics of foreign projects, PKPM Cost Estimate Software for Foreign Projects helps to improve the work efficiency of the cost engineer, and to enhance the level of cost management for foreign projects. This paper introduces the application scope of the software, and describes the features and core strengths combining the practical application scenarios, also a comparative analysis is made with other cost estimate tools.

Much-needed aid to use modern tools to improve enterprise management level, through the advanced and practical implementation of management information systems to improve office efficiency and speed up information transmission speed, to facilitate information exchange, resource sharing; to take the responsibility of decomposition, target control and dynamic management, accounting examination and a series of measures to strive for greater efficiency; continuously enhance corporate management level, strengthening enterprise management and project management, improve enterprise's core competitiveness.

The basic principle of project cost estimation lies is the decomposition and combination of a project, while the project quotation software is an effective tool for calculating project cost.Introducing the concept of WBS (Work Breakdown Structure) into the project quotation software will greatly improve the accuracy of project cost estimation and the efficiency of cost control.