Planning for a Healthy Bottom Line Before, During and After the Job
Written by Lonnie Fritz, Heavy Construction Industry Consultant, Caterpillar Inc., ForConstructionPros.com
Poor planning is often the source of construction projects running overbudget or behind schedule; proper project management can help keep you on track and profitable.
Are your jobs running over budget or behind schedule? You’re not alone. Less than one-third of construction projects in the last three years came within 10% of budget, according to Klynveld Peat Marwick Goerdeler (KPMG). The McKinsey Global Institute discovered that large projects run 20% over schedule and up to 80% over estimate.
What’s the cause? You can blame lousy weather, picky clients or bad luck, but poor planning is often the source of the problem. Renewing your focus on project management can keep schedules and budgets on track."
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