You're managing a construction project. How can you spot budget risks before they spiral out of control?
Managing a construction project is akin to navigating a ship through a sea of financial uncertainties. The key to maintaining your course is vigilance—spotting budget risks before they grow into full-blown crises. You must have a keen eye on the horizon, anticipating costs and complications before they arise. Understanding the common pitfalls and maintaining constant communication with your team will enable you to identify potential overruns early. With the right strategies, you can steer your project through turbulent financial waters and deliver it successfully without capsizing your budget.