Costings, also known as cost estimates or project budgeting, refer to the process of predicting and calculating the total expense of a project or undertaking. Synonyms for costings include pricing, estimating, budgeting, valuing, and appraising. These terms are frequently used in the business and financial world to determine the costs and value of products, services, or investments. Other related terms include cost analysis, cost-benefit analysis, and cost-effectiveness analysis. Regardless of the terminology used, accurate costings are essential for successful project management and financial planning. Effective costings help businesses make informed decisions and allocate resources based on sound financial projections.