Cost management

Cost management and control of costs are essential if the client is to make informed decisions while being aware of the overall effect on the project.

For both fixed-price contracts and cost-reimbursable contracts, it is important that appropriate cost management techniques are in place and are applied, in order to give confidence that the project will be delivered at the right price.

The importance of cost management cannot be overestimated, especially during the post-contract stage.

This section is maintained by David Lee of Downing.