![]() The functions of project controls include initiating, planning, monitoring and controlling, communicating, and closing out project costs and schedule. Project controls are processes for gathering and analyzing project data to keep costs and schedules on track. So what is the difference between a costly, long-overdue project and one that is delivered on time and within budget? In many cases, the answer is good project controls. On average, cost increases are estimated at 80% of the original value, and timelines are often delayed by 20 months or more. When it comes to large-scale capital projects, 98% of projects experience cost overruns or delays. Despite best efforts and intentions, many organizations find that large-scale projects miss their targets for a number of reasons: optimism bias, manual estimation errors, insufficient historical data, scope creep and many other factors.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |