{"id":2921,"date":"2022-07-19T06:34:46","date_gmt":"2022-07-19T06:34:46","guid":{"rendered":"https:\/\/bluetecmne.com\/?p=2921"},"modified":"2022-07-19T06:39:41","modified_gmt":"2022-07-19T06:39:41","slug":"cost-management-for-construction-projects-why-is-it-important","status":"publish","type":"post","link":"https:\/\/bluetecmne.com\/blog\/cost-management-for-construction-projects-why-is-it-important\/","title":{"rendered":"Bluetec | Cost Management for Construction Projects: Why Is It Important?"},"content":{"rendered":"\n
Managing both project success and client expectations, along with sticking to internal objectives, are priorities for any organisation. No matter the size of a business or organisation, project costs and budgets are set in accordance with project goals.<\/p>\n\n\n\n
However, reality begs to differ. Research shows that 57% of organisational projects finished within their initial budgets, with the others exceeding the target they had set for themselves. This can (and will!) negatively impact both big and small businesses. Cost overruns will not only impact their margins, but also hinder the ability to execute future projects. This could especially spell disaster to large projects such as construction work.<\/p>\n\n\n\n