Monitor cost trends and update them throughout the course of the project
Estimating costs
Practical sheet REF: FIC1697 V1
Monitor cost trends and update them throughout the course of the project
Estimating costs

Author : Jean-Pierre PAYRE

Publication date: October 10, 2020 | Lire en français

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6. Monitor cost trends and update them throughout the course of the project

Cost updating is an integral part of any project. Based on the assumptions defined during the cost estimation phase, you are responsible for ensuring that the budget is adhered to, and for keeping up to date with changes in forecasts at the end of the project.

Picto outil Tool

Cost tracking and updating (Tool Cost monitoring and updating ) shows how updates are triggered throughout the project and in its various phases, and how feedback is taken into account at project closure....

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