Cost Management Of Construction Projects

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Usually dispatched in 2 to 3 days
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Introduction  

The first step in the cost management process group is to answer the questions:  

‘How much will the project cost?’ ‘ 

How accurate is this estimate?’  

Project managers make many of their day-to-day decisions based on estimates and the accuracy of these can have a big influence on the outcome of the project. Experience suggests that projects launched without an accurate initial estimate are far more likely to experience serious problems than those where sound estimates were made. One of the keys to successful project completion is an accurate cost estimate and a realistic risk assessment. 

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