Budget & Cost Management

We will develop a project budget that includes all costs associated with the project including personnel, equipment, materials and other expenses

We monitor projects costs to ensure that they remain within budget and use project management tools and software to track and control expenditure

Establishing a process for approving and tracking expenditures. Use cost tracking tools to ensure that all expenses are properly documented and approved

Identify opportunities to reduce costs without compromising the quality or scope of the project

Use benchmarking to compare project costs to similar projects in the industry to ensure competitiveness

Review project costs regularly and report on them to project stakeholders including actual vs. budget, cost savings achieved and variances to budget