Cost estimation software is a tool designed to help businesses and professionals accurately predict the costs associated with projects. It allows users to input various parameters, such as materials, labor, and overhead, to generate detailed cost estimates. This software is commonly used in industries like construction, manufacturing, and engineering to improve budgeting and financial planning. By utilizing cost estimation software, organizations can streamline their estimating processes, reduce errors, and enhance decision-making. Many programs also offer features like historical data analysis and integration with other software systems, such as project management and accounting tools, to provide a comprehensive view of project costs.