Project Control

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Cost Control
The greatest cost-saving opportunities are found definition, and execution planning. They include:
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during project development,

Site selection. Phase Ofphase 1. Project ExecutionPlan. Contracting.

These activities are normally performed in-house, thus allowing those involved the greatest opportunities of influencing costs, either favorably or adversely. It behooves the Owner's management to implement a protocol of checks and balances toguarantee:
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The application of uniform standards and procedures. The participation of people with solid project managemendengineering experience and good cost background. Reviews and approvals at proper levels.

Ideally,the assignedProject Managershould be theone personally providing project execution and cost input during the initial phases. If that is not possible, somebody else with project managemenuengineering experience should be assigned until the Project Manager is available. Once the project is defined, cost control must continue, mainly as a tracking and monitoringactivity during the execution phases of:
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Engineering. Procurement. Construction.

Although thecost-saving opportunities during projectexecution are limited, the tracking and monitoring are very important activities. Through them the Project Manager can:
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Detect variations early enough to

.. . ...

- Take corrective action if feasible or, in any case. -

Make accurateforecasts.