Cost Management is the process by which the cost elements of a project are planned and managed.

 

At Kurit we understand that for many clients, the cost management can be the most important and a stressful part of the project itself. If engaged early enough, Kurit can offer clients a variety of services including cost planning, cost to completion forecasting and value cost management as well as more general assistance with contract support and controls.

 

The development and implementation of a Project Controls commercial or cost management plan will provide more effective Project Cost Control and Procurement and greatly assist in the  in the reduction of capital expenditure over the course of a project.

 

At KURIT, we work with client’s to develop a bespoke cost management plan, which aligns with its business, whether enhancing or providing a bespoke solution. The implementation of a KURIT cost management plan provides reassurance that all commercial actives undertaken on their project are done so in a considered and structured manner ensuring that any commercial decision are informed, auditable and in accordance with the overall commercial strategy of the project.

 

Our clients achieve greater cost certainty through the development and implementation of a KURIT combined  management plan. This plan includes cost management alongside project cost management, procurement and risk management.

 

With KURIT on board, our clients will often benefit from more accurate cost management and reach financial closure quicker.