Relate/ Add in this post below informations related to costs for the Brisbane Olympic games case study.

Construction cost control helps project managers avoid cost overruns by providing guidelines for estimates and forecasts of labor, material, and overhead costs (Miri & Khaksefidi, 2015).

According to Georgas and Vallance (1987), cost estimates are the key source for establishing a project's funding objective before creating detailed plans. By having a clearly defined budget and track expenditure throughout the project is the best strategy for reducing construction costs. While establishing the budget, it is crucial to be realistic and account for the costs of the project's materials, labor, and other expenses. A thorough timeline for the project should also be developed, and it should be made sure that everyone involved is aware of it. This will make it more likely that the project will be finished within the allocated spending limit. In addition, it is helpful to have a distinct plan of action and to make sure that every member of the team is aware of their roles and responsibilities in order to lessen the likelihood that the project will be delayed or that additional costs will be incurred.

Furthermore, according to Zulch (2014), communication is required to effectively communicate the areas of cost, scope, and time, as well as quality. By utilising construction management software with data management features simplifies the process of keeping everyone on the job site informed of any changes to the project's scope, which occur regularly. It also facilitates in the establishment of a direct communication line between staff in the back office and those operating on the project site.

In order to to assure no additional time or money is expended once a project has met its budget, it is important to do routine evaluations of the project to make sure it stays within the budget. This can entail checking the project site on a regular basis to guarantee that all materials are being utilized appropriately and that any concerns regarding safety are resolved without delay, and going over any project changes.