Episode 14: Budget Blowouts and How to Prevent Them
Ever wondered what really causes projects to go over budget? RIB CFO, Tobias Hamacher, breaks it down and shares how to fix it.
With nearly two decades of global project experience at Schneider Electric before joining RIB, Group CFO of RIB Software, Tobias Hamacher, brings a rare mix of financial precision and on-the-ground insight. Together, Bernardita and Tobias unpack the most common reasons construction projects go over budget, from unrealistic timelines to poor cost estimation and siloed communication.
Tobias shares his proven strategies for maintaining control, from using real-time cost tracking tools and risk provisions to supporting transparency and trust across project teams. He also offers candid advice for navigating economic uncertainty and building resilience through better data, planning, and collaboration.
What you’ll learn:
- The top two reasons most construction projects go over budget and how to avoid them
- Why 60–80% of project issues stem from poor planning
- How to identify early warning signs of cost overruns
- The power of real-time cost tracking for smarter decisions
- Why better tools and better people are the ultimate recipe for success
- How risk provisions can turn uncertainty into opportunity





