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Case Facts
Determine how much savings can be safely released to the owner at this point
• Once the earnings are booked, it will look bad if the division falls short of projection in the subsequent
quarter.
Cost report
“Forward looking project breaks down
management tool” the full
history of the
job in detail
• Can be used as a
Best efforts prediction at reference to fine Need regular
any point of time tune the strategy updates
further
• total expected cost of completed
project
• earnings contribution of completed
project
• Itemizes the dollar flow from owners
to subcontractors and suppliers
IOR Review Meetings
Monitoring the
overall
Cooperating
performance of
together to Realizing overall
the staff and
identify issues savings on the
subcontractors,
or/and project
from the
alternatives
perspective of a
project manager
The above advantages would help in solving the contingencies more effectively
Fund release prospects Allocating $500000