Tag: Value Engineering
Project Cost Management: From Cost‑Cutting Myths to Value‑Driven Mastery
Budgeting isn’t about spending less—it’s about investing better. 1. Busting the Myth: “Cost Management Is All About Cutting Costs” Too many project managers treat budgets like speed limits: ceilings to never exceed but seldom optimized. They scramble to slash numbers at the end—freezing training or deferring testing—only to see quality and morale deteriorate. This approach…