Bill of Material (BOM)
EVM Terms
Reviewed by forProject Technology - updated Sep 2026
Quick definition: A Bill of Material (BOM) is a listing of all the material items required to produce a single unit of a product.
A BOM itemizes the materials needed for production, without necessarily including cost information. Once actual or expected prices are applied to those items, it becomes a Priced Bill of Material (PBOM).
Why it matters
An accurate BOM is the foundation for estimating material costs and planning procurement — errors or omissions here ripple directly into cost estimates and material availability. It also supports Basis of Estimate development for material-heavy Work Packages.
Also known as
N/A
Used in
Basis of Estimate development for material costs
FAQ
What's the difference between a BOM and a Priced Bill of Material?
A BOM just lists the materials needed; a Priced Bill of Material (PBOM) adds actual or expected prices to those same items.
Does a BOM include labor costs?
No — a BOM specifically lists material items, not labor.
Definition maintained by forProject Technology.
© 2026 forProject Technology, Inc.
© 2026 forProject Technology, Inc.
