Project Cost Management
The Project Manager will determine the resources (or professional skills) required to accomplish the target schedule allowing for contingencies (or degrees of flexibility) necessary to ensure that the Client’s goals are satisfactorily met.
 
The overall project budget will be sub-divided by the individual work packages and activities. The PCS Manager will superimpose the resource requirements and the cost of each activity onto the CPM schedule (cost loading). It is the responsibility of PCS to monitor and update the schedule on a regular basis, and create contingency and recovery plans as necessary to keep the project on target.
 
The experienced cost control team will be present from the first stages of the concept design phase in order to ensure that the design is meeting the budget provided by the owner at the beginning of the work. Otherwise, the delivered documents, while being satisfactory as far as design, will have to be reproduced and thus time wasted should they not meet the budget.