Tag Archives: Contractual

Common Cost Control Problems on Construction Projects

Here is a list of common cost control problems found on construction projects: Improper estimates, standards and budgeting techniques. Unrealistic budgets. Activities started or completed out of sequence. Inadequate WBS (Work Breakdown Structure) or insufficient WBS detail. Lack of management … Continue reading

Tagged with , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

More Thoughts on Project Risk Management

The downside risk on projects is almost always more than the upside risk. Managing this risk is one the fundamentals of good project management practice. I have found that the more complex, large, constrained and mission-critical a project is, the … Continue reading

Tagged with , , , , , , , , , , , , , , , , , , , |