Project cost management
Cost control on a construction project needs the same discipline as the schedule: structure, baseline, tracking and forecast. We link the budget to the WBS and Gantt, track commitments and payments and, where useful, apply Earned Value Management.
Fees are discussed individually, based on the project and the client’s needs. There is no standard rate published on the site.
What is delivered
- Setting the cost planning and control framework
- Coordinating and preparing the project budget
- Linking the budget (CBS) to the WBS and Gantt chart
- Setting the cost baseline
- Setting cost categories and codes
- Coordinating cash-flow preparation
- Monitoring commitments, costs and payments
- Validating financial progress
- Cost variance analysis
- Consolidating financial information from specialists
- Comparing reported costs with the approved budget
- Identifying variances and trends
- Coordinating the estimate at completion forecast
- Monitoring management and contingency reserves
- Analysing the financial impact of risks and changes
- Recommending corrective measures
- Escalating overruns beyond tolerances
- Reporting cost performance
- Coordinating budget updates after approved changes
- Tracking financial close-out of the project
- Implementing and applying Earned Value Management (EVM)
- Calculating and reporting CPI, SPI, EAC and ETC
What follows is the service catalogue. On each project we decide together what is delivered, at what intensity and for how long.
Contact usRelated services
- Schedule and execution programme management
Planning strategy, Gantt, baseline, monitoring, delay analysis, EoT, TIA and PERT diagrams.
- Risk and opportunity management
Methodology, register, qualitative and quantitative analysis, Monte Carlo, KRIs and responses integrated into schedule and budget.
- Project performance management (KPI)
Indicators, data sources, dashboard, variance analysis and reporting to the client.