8.50 Dealing With Material Cost Escalation to Stay on Budget
Time: 8:50 am
day: Day Two
Details:
- Evaluating when to explore alternative materials or products to provide options during times of price escalation
- Monitoring project cost risks and mitigating with activities, such as monthly risk workshops or weekly trend log meetings to help flag trends and their financial impacts
- Establishing contingency plans and protocols to manage increasing costs and reduce the possibility of running over budget
