How To Effectively Control the Cost of an Infrastructure Project

Cost control is the task of overseeing and managing project expenses as well as preparing for potential financial risks. This job is typically the project manager's responsibility. Cost control involves not only managing the budget, but also planning, and preparing for potential risks. Risks can set projects back and sometimes even require unexpected expenses. Preparation for these setbacks can save your team time and potentially, money. While working as Project Manager for Alstom Transport managing and delivering Metro Infrastructure Projects in Bangkok from 2012 until 2019, our speaker had to apply an intricate 'Cost Control' process to achieve profits. Most of his company's projects had small margins and are very sensitive to changes. Cost Control was one of the most developed processes and its effective application across all projects in the company was key to achieving success. Come and learn from our speaker's experience in applying 'Cost Control' Procedures developed internally by his company in alignment with the standard PMI Project Management Process.