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Enhance your project management skills, optimize budget allocation, and ensure project success.\"\n      />\n      <NewsSectionBlock>\n        <Typography variant=\"h1\" color=\"blue\">\n          Top 3 methods to control project costs\n        </Typography>\n        <Typography variant=\"body1\">\n          A significant number of projects are planned and implemented annually,\n          most of which are undertaken to achieve sustainable, long-term\n          results.\n        </Typography>\n        <Typography variant=\"body1\">\n          Projects may also result in planned or unplanned social, economic, and\n          environmental impacts that exceed the duration of the project itself.\n          In this regard, the issue of project cost management is becoming more\n          acute day by day.\n        </Typography>\n        <Typography variant=\"body1\">\n          The globally recognized project management standard developed and\n          periodically updated, defines that: project cost management integrates\n          the processes involved in planning, budgeting, and controlling costs\n          to ensure that a project is completed within an approved budget.\n        </Typography>\n        <Typography variant=\"body1\">\n          Estimating the cost of scheduled activities includes an estimate of\n          the cost of the resources required to complete each scheduled\n          activity.\n        </Typography>\n        <div className={s.imageWrap}>\n          <StaticImage\n            src=\"../assets/images/articles/top-3-methods-to-control-project-costs/image-1.jpg\"\n            alt=\"Control project costs\"\n            title=\"Control project costs\"\n            placeholder=\"blurred\"\n          />\n        </div>\n        <Typography variant=\"body1\">\n          We propose to consider 3 main steps that will help control the costs\n          of the project.\n        </Typography>\n        <Typography variant=\"h2\" color=\"blue\">\n          Collect data in real-time\n        </Typography>\n        <Typography variant=\"body1\">\n          How big data and analytics are transforming the construction industry?\n          It is impossible to keep abreast of all expenses if you do not monitor\n          them regularly in real-time. It is very convenient to have access to\n          project information at any time.\n        </Typography>\n        <Typography variant=\"body1\">\n          Many companies have already taken this strategy as a basis and have\n          excellent results on it that give a competitive advantage. Real-time\n          financial transparency is what companies who want to be or remain\n          successful should strive for, as demand and customers for access to\n          analytical data and company performance data are growing.\n        </Typography>\n        <Typography variant=\"body1\">\n          Why is big data important to the construction industry today? It is\n          very convenient to store all the data for a particular project in one\n          place and give access to them to team members or customers. Thus, all\n          project participants can control changes and make adjustments to them.\n        </Typography>\n        <Typography variant=\"body1\">\n          It is significant to understand that one member of your team or\n          department has planning data, others have cost tools, and it is very\n          important to create a platform on which this data will be stored\n          centrally.\n        </Typography>\n        <Typography variant=\"body1\">\n          Thus, data analysis will be available at any time of the day. In the\n          construction industry, a centralized information storage base is still\n          underdeveloped. But the manual process of data storage and analysis is\n          widely used. It is essential to learn how to use new technologies and\n          open access to them in your project.\n        </Typography>\n        <Typography variant=\"h2\" color=\"blue\">\n          Don't waste your time on manual reporting\n        </Typography>\n        <Typography variant=\"body1\">\n          Modern construction daily reporting software is in no way inferior in\n          efficiency to a typical and traditional construction estimate. But by\n          combining construction reporting software and a traditional project\n          framework, you can get better results in cost and project management.\n        </Typography>\n        <Typography variant=\"body1\">\n          It is very important not to forget about the top-down strategy that\n          enables project and department managers to analyze progress in real\n          time, view reports, and predict the time spent on risk.\n        </Typography>\n        <div className={s.imageWrap}>\n          <StaticImage\n            src=\"../assets/images/articles/top-3-methods-to-control-project-costs/image-2.jpg\"\n            alt=\"Cost control on manual reporting\"\n            title=\"Cost control on manual reporting\"\n            placeholder=\"blurred\"\n          />\n        </div>\n        <Typography variant=\"body1\">\n          Previously, there were many experienced people and little technology;\n          now technology has developed and simplified so much that even a\n          beginner can handle the program. Therefore, now it is very important\n          to collect data correctly and add them to the program.\n        </Typography>\n        <Typography variant=\"body1\">\n          After that, you will be able to regularly review and analyze changes\n          using even mobile construction reporting software, as well as\n          understand what is happening and be able to influence changes to\n          achieve maximum project success. This is where all companies that want\n          to be competitive in the construction industry should move.\n        </Typography>\n        <Typography variant=\"h2\" color=\"blue\">\n          A single platform for informing you and your subordinates\n        </Typography>\n        <Typography variant=\"body1\">\n          Knowing what is the best project management software for construction\n          and implementing it in your project, allows your business to benefit\n          because team members and its leaders can analyze data in real-time.\n        </Typography>\n        <Typography variant=\"body1\">\n          Online construction management software is necessary so that the team,\n          by analyzing data and all analytical information about the project,\n          can make the best decisions on the project for the current period and\n          the future. It is important to understand that construction software\n          management makes it possible to store all information in one place and\n          allows team members to quickly and from any location correct data\n          according to the current situation.\n        </Typography>\n        <Typography variant=\"body1\">\n          Using construction inventory management software, even during\n          meetings, participants will not be overwhelmed with various drawings\n          and calculations, but will comfortably show all the summary\n          information in a few minutes.\n        </Typography>\n        <Typography variant=\"body1\">\n          Knowing what is construction management software, and partially,\n          gradually, or completely involving technological innovations in your\n          project, you also minimize the mechanical errors that project\n          participants can make. After all, you should not forget about the\n          human factor, haste, or manual loss of any data.\n        </Typography>\n        <Typography variant=\"h2\" color=\"blue\">\n          What else matters?\n        </Typography>\n        <Typography variant=\"body1\">\n          It is extremely important not to forget about real cost management.\n          That is, one must approve the final design quantity and establish a\n          basis for evaluation. All these indicators must be equated to the wage\n          rate, materials, and productivity ratios. Thus, a calculation will be\n          obtained, which is a huge part of the estimate.\n        </Typography>\n        <div className={s.imageWrap}>\n          <StaticImage\n            src=\"../assets/images/articles/top-3-methods-to-control-project-costs/image-3.jpg\"\n            alt=\"Costs Management Plan\"\n            title=\"Costs Management Plan\"\n            placeholder=\"blurred\"\n          />\n        </div>\n        <Typography variant=\"body1\">\n          In manual mode, this may take several weeks or even a month. In this\n          case, it is impossible not to say about the possible errors in the\n          calculations. It is the automation of these processes that will give\n          excellent results and minimize errors and thus risks. This is\n          especially important if the change needs to be made urgently, and the\n          volumes are very large.\n        </Typography>\n        <Typography variant=\"body1\">\n          Don't forget about the culture of responsibility. If you don’t give\n          people good processes and tools, then you can’t help but talk about\n          possible risks or even project failure. Often project leaders choose\n          between having the team answer for expectations they are not prepared\n          to meet or letting things take their course and end up with unmet\n          expectations.\n        </Typography>\n        <Typography variant=\"body1\">\n          Both of these options are incorrect. It is essential to calculate\n          costs in advance, understand the risks and consider options for\n          solving any problems.\n        </Typography>\n        <Typography variant=\"h2\" color=\"blue\">\n          Conclusion\n        </Typography>\n        <Typography variant=\"body1\">\n          Many companies understand that there is still a lot to be done to\n          automate the process, but if you start today with a new project and\n          gradually implement automation in other projects, you will see\n          significant improvements in the result and progress of projects. Don't\n          expect a quick result, but look at the progress.\n        </Typography>\n      </NewsSectionBlock>\n    </>\n  )\n}\n\nexport default ControlProjectCosts\n","// extracted by mini-css-extract-plugin\nexport var section = \"news-module--section--g5uoe\";\nexport var maxContent = \"news-module--maxContent--mpYRW\";\nexport var content = \"news-module--content--v60SD\";\nexport var textTitle = \"news-module--textTitle--nitTa\";\nexport var textLists = \"news-module--textLists--IMoga\";\nexport var disc = \"news-module--disc--AqJ0s\";\nexport var auto = \"news-module--auto--u9wuf\";\nexport var decimal = \"news-module--decimal--+OTUr\";\nexport var check_mark = \"news-module--check_mark--P6DHG\";\nexport var imageBlock = \"news-module--imageBlock--TmnyQ\";\nexport var imageText = \"news-module--imageText--DgNcO\";\nexport var imageFullWidth = \"news-module--imageFullWidth--Rg4vs\";\nexport var imageEvent = \"news-module--imageEvent--y9m8O\";\nexport var imageClickable = \"news-module--imageClickable--wN1YK\";\nexport var imageClickable_bottom = \"news-module--imageClickable_bottom--6ol01\";\nexport var brandButtons = \"news-module--brandButtons--Alw1o\";\nexport var text = \"news-module--text--5E1Q6\";\nexport var video = \"news-module--video--6ohKO\";\nexport var videoSize = \"news-module--videoSize--WLsUN\";\nexport var authorWrapper = \"news-module--authorWrapper--pKcye\";\nexport var author = \"news-module--author--F1DUO\";\nexport var special_offer_image = \"news-module--special_offer_image--2F8hV\";\nexport var columnWrapper = \"news-module--columnWrapper--805HQ\";\nexport var boxShadow = \"news-module--boxShadow--zn30v\";\nexport var youtubeVideo = \"news-module--youtubeVideo---NENF\";\nexport var imageWrap = \"news-module--imageWrap--wN+Es\";\nexport var textWrap = \"news-module--textWrap--sagCF\";\nexport var textWrapCentered = \"news-module--textWrapCentered--Gc1WE\";\nexport var margin_top_48 = \"news-module--margin_top_48--icjNV\";\nexport var contentWrap = \"news-module--contentWrap--+JWDB\";\nexport var productLinksWrapper = \"news-module--productLinksWrapper--s8uye\";"],"names":["section","bg_white","bg_light","bg_dark","className","id","bgColor","children","cn","s","date","Section","Container","title","description","variant","color","S","src","alt","placeholder","textLists","decimal","check_mark","imageBlock","imageClickable","text","authorWrapper","columnWrapper","youtubeVideo","imageWrap","textWrap","textWrapCentered","margin_top_48","contentWrap","productLinksWrapper"],"sourceRoot":""}