Tackle budgeting, forecasting, and best practices for staying in control of project costs.
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In managing labour cost overruns, two main approaches can be adopted: tracking actual costs by resources or tracking actual costs by activities. Each method has its own strengths and limitations, particularly when applied to infrastructure projects versus building projects. The choice of system directly impacts the…
Hi all, We are currently working through the process of integration from Estimate to Control to streamline our processes and improve our handoff from Preconstruction to Operations. The main goal is to retain resource information for our operations teams so we can eliminate the need to provide side spreadsheets/access to…
I am curious how your organization handles project setup in InEight for those small projects - i.e. call outs, warranty work, small scopes, etc. Do you go through the entire setup process? Do you keep the same CBS hierarchy minimum structure?
What is one habit or practice that's saved you from a project being in danger of budget overruns?
What’s one simple cost-tracking practice your team follows that helps avoid surprises? @Tomas @Tim.Mowery @samehtalat @KevinPeters anything you are particularly keen on?
Where and how you do you prefer to share the necessary information to keep everyone aligned? Is it in meetings, through reports, dashboards, or regular check-ins? What do you find works best for keeping everyone "in the know"?
@Everyone I believe that standardisation is the foundation of effective project controls. I am keen to hear your advice and learn from your experience regarding cost code directories or dictionaries. Are you currently using any standardised cost code structures? In my previous roles with US based companies, I worked…