Cost ControlReal-Time cost tracking: A simple guide for CFOs to prevent budget overruns Why budget overruns are a CFO’s nightmare Keeping projects on budget isn’t easy. According to a study from KPMP,...May 9, 2025
Cost ControlBest Practices for Project Budgeting and Cost Forecasting Accurate budgeting and cost forecasting are essential for keeping projects on track and within financial limits. However, as highlighted...February 12, 2025
ProcurementHow to choose the right procurement system for your projects Managing projects, you’ve likely experienced how a lack of control in the procurement process can lead to cost overruns,...January 16, 2025
Project controllingWhat is Estimate At Completion in projects Estimate At Completion (abbreviated EAC) tells you what your project will look like financially at the end of your...December 17, 2024
Cost Control8 ways to increase project profits by using purchase orders Have you ever faced losses due to hidden costs or unforeseen delays? Cost overruns and budget breaches are, unfortunately,...October 16, 2024
Purchase orderPurchase Orders vs. Purchase Requisitions Have you ever found yourself stuck because the purchasing process in your project becomes a bottleneck? Maybe you’ve faced...September 10, 2024
Cost ControlCost control in projects: Best practices and pitfalls Are you tired of your projects constantly going over budget? Keeping costs under control without compromising on quality can...August 5, 2024
Procurement7 benefits engineering companies get from purchase order systems Managing purchases can be stressful. Spreadsheets and Word documents can quickly turn into a mess of numbers and notes,...July 8, 2024
Cost ControlHow to ensure an effective procurement process for projects in your company Making sure your company’s procurement process runs smoothly is like having a strong backbone for your projects. This is...June 3, 2024
Cost ControlEffective Cost Control in construction projects Budget overruns or cost overruns are unfortunately not unfamiliar concepts, especially for those working within the construction industry. Challenges...May 7, 2024
Purchase order5 Common Challenges of Not Using Purchase Orders in Projects 5 Ways Not Using Purchase Orders Can Hurt Your Projects Purchase orders (POs) are a common way for project-based...September 5, 2023
Cash-FlowWhat is commitment accounting? What is commitment accounting? Every time you order something from a supplier, you make a commitment to pay in...May 24, 2023
