The key to effective project cost control is being flexible enough to find solutions to inevitable problems. For example, perhaps a supplier failed to deliver necessary project equipment on time.

Project cost management is rarely easy. In this guide, you'll learn about all the different factors affecting your top and bottom line.

Effective cost control and management is the mainstay of success of a construction project because it is eventually the money that keeps the operations running.

So long as costs and timelines match estimates, the project is under control financially. Overruns in cost categories or deviations in the schedule indicate potential problems.

A heavy equipment manufacturer had a systemic struggle with underestimating project costs. In one example, a project that was estimated to cost $2 million ended up costing $3 million.

This paper examines the relevance of problem-structuring methods to project management, focusing on the front-end of managing complex projects and discusses stakeholder involvement using Hierarchical ...