Cost control is a fundamental component of project management in capital projects. Owner organizations prioritize managing cost efficiently while gaining a comprehensive understanding of project performance. Effective cost control enables timely and informed decision-making, increasing the likelihood of positive outcomes for capital project investments.
This presentation will define seven key considerations for an effective cost control function from the perspective of owner organizations. It will clarify a few common industry misnomers and highlight essential practices that contribute to robust implementation of cost control.
Ghaith will also highlight the benefits of the AACE Organisational Memebership.