ESTIMATING AND COST MANAGEMENT IN PROJECTS: PROBLEMS OF MODERN PROJECTS

Vakhidjon Baratov

Keywords

Project Cost Estimation, Cost Management, Modern Projects, Estimation Challenges, Financial Planning, Budgeting Issues, Cost Overruns, Resource Allocation, Project Risk Management, Uncertainty in Estimation, Parametric Estimating, Analogous Estimating, Monte Carlo Simulation, Cost Control Techniques, Contingency Reserves.

Abstract

In the contemporary business world, the success of a project is largely dependent on effective cost estimation and management. This article explores the intricacies of estimating and cost management in projects, highlighting common problems faced in modern project environments. By understanding these challenges, stakeholders can develop strategies to improve project outcomes, ensuring efficiency and fiscal prudence.

pdf (Русский)

References

Estimating and managing costs in modern projects is a multifaceted challenge that requires meticulous planning, advanced tools, and effective communication. By understanding and addressing the common problems in these areas, organizations can significantly enhance their project outcomes. Continued innovation and adherence to best practices in project cost management will be vital in navigating the complexities of modern project environments.