Page 66 - 2021 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 to them ● Creates transparency
● Identifies scope increases(creep)
● Establish cost categories that can be verified against future contracts ● Provides useful information for team members
● Define project costs and program costs, and make sure everybody ● Economies of scale in large programs with multiple projects
understands all the budget components ● Never lose site of the bottom line
● Use to compare bids to determine if the bids are reasonable
● Keep budgets updated as conditions change--in increasing levels of detail-- ● Change order and claims management
and manage them with insufferable attention
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