Episode 6: Effective construction cost management doesn’t have to be a fantasy
Here is your opportunity to get practical advice on tackling cost overruns, improving forecasting accuracy, and leveraging technology to mitigate risks and enhance project outcomes.
In this episode, our host Bernardita Calzon, sits down with Graeme Braybrooke, an experienced quantity surveyor with over 14 years’ experience, including time spent in some of the world’s most dynamic construction markets like Dubai, Qatar, and South Africa. Currently based in the UK, Graeme leads a team of consultants at RIB Software, where he shares his expertise in cost management and digital transformation.
Join us as Graeme explores the critical role of cost management in construction projects and breaks down the key components of a successful strategy—from comprehensive estimates and budget development to risk management and financial forecasting. He also shares insights into the biggest challenges facing the industry, including economic uncertainties and the integration of advanced technologies like real-time data and BIM.
What you’ll learn:
- Understand how effective cost management impacts the profitability and success of construction projects
- Learn the essentials of comprehensive estimates, budget development, risk management, and change tracking
- Explore how socioeconomic factors, uncontrolled changes, and procurement issues create hurdles in cost management
- Discover how tools like real-time data, BIM, and digital workflows are transforming cost management and decision-making
- Gain insights into the most critical metrics for cost management, including cost value reconciliation, resource utilization, and schedule performance
- Hear practical advice on managing unexpected costs without sacrificing quality through better planning, design, and learning from past mistakes.