Page 89 - 2020 SDCA Project
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BUDGET
RECOMMENDATIONS BENEFITS
● Provide a line-item budget to maintain flexibility ● Develops trust
● Estimate soon and often to make achievable budgets and design ● Creates transparency
to them ● Identifies scope increases(creep)
● Provides useful information for team members
● Establish cost categories that can be verified against future ● Economies of scale in large programs with multiple projects
contracts ● Never lose site of the bottom line
● Define project costs and program costs, and make sure everybody ● Use to compare bids to determine if the bids are reasonable
understands all the budget components ● Change order and claims management
● Keep budgets updated as conditions change--in increasing levels
of detail-- and manage them with insufferable attention
SDCA 89
