PropLink Guide

Project Cost Control Guide

Real estate project cost control compares approved budget with committed cost, actual cost and forecast-at-completion before it is too late to react.

Budget

The approved baseline establishes how much the project or cost head is authorized to spend.

Commitments

Contracts and purchase obligations reveal cost exposure before cash leaves the bank.

Actual and forecast

Actual cost explains what has happened; forecast estimates where the final cost is heading; variance gives management the early warning.

See this workflow inside PropLink.

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