Strengthening Project Finance and Cost Controls in EPC Projects
Dear BIVILLEPM Community,
In Engineering, Procurement, and Construction (EPC) projects, effective management of project finances and costs is paramount to success. One critical aspect of achieving this is establishing clear roles and responsibilities. Let’s delve into how a Responsibility Assignment Matrix (RACI) can enhance project finance and cost controls:
RACI Matrix for EPC Project Finance and Cost Controls Key Items
Image By #GeorgeNWOGU from GPI AI
By clearly defining roles and responsibilities through the RACI matrix, project finance and cost controls are strengthened. This clarity enhances budgeting accuracy, cost monitoring, and ensures alignment with financial goals throughout the project lifecycle.
Stay tuned for more insights on optimizing project finance and cost controls!
#GeorgeNWOGU #BIZVILLEPM 🌐🚀
Best regards,
Engr. George (Chìsom) ÑWÒGU (MBA, PMP®️)
Motto: Humanity First, then Smart and Green. 🚀
My name is George Nwogu, a Senior Project & Planning Manager, COO and Global Trainer from Nigeria. I’m the Founder of Bizville Project Management Limited
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