by Dean Miller | Oct 26, 2020 |
budget4cast Saves Time (which saves money!) Of course, the many clients in the construction space of budget4cast’s project budget management app already know how much time savings they gain versus the bad ole days of managing budgets in spreadsheets. We have...
by Dean Miller | Oct 14, 2020 |
Even little projects need love! A study of 155 capital construction projects by an Australian energy company‡ (Gary Jackson at Queensland University of Technology) illustrates quantitatively the need for improvements in the calculation of contingency budgets for...
by Dean Miller | Oct 2, 2020 |
Use of Contingency by budget4cast users An analysis of the budget4cast project database, shows two key facts about the use of Project Contingency Budgets by our user base: A fairly high proportion of all project budgets managed in budget4cast do in fact have a...
by Dean Miller | Sep 22, 2020 |
Risk Management & Contingency Budgets: Part 2 In the previous article on Construction Project Contingency Budgets, we started a discussion of how to use proven risk management techniques, to justify and validate this important tool of project managers. Not only...
by Dean Miller | Sep 16, 2020 |
What’s the Price of Contingency? Contingency budgets are a common and necessary aspect of construction project budgets. These are not “slush funds” that should be, or generally are, arbitrarily created by overly cautious project managers. On the...
