Whether you are building a birdhouse, a bungalow, or a bridge, three things are common during any construction project – scope, time, and cost.

Let’s use the “Triangle of Truth” to illustrate how risk may be associated with these tenets. Most of us begin every project believing the triangle is perfectly balanced. Inevitably, though, something in the estimating, scheduling, design, planning, controls, or progress phase changes. The minute we stretch that triangle and shift the angles, we affect the delicate balance between scope, time, and cost of a project.

Unlike several other industries where the outcome is predictable, construction companies, owners and subcontractors are constantly managing upstream, downstream, and internal resources. Visibility and cause-and-effect scenarios are critical in helping to complete a project and plan for the next one. Systems that help manage risk or show the gaps in our processes help restore the balance of the triangle.

Hard Dollar’s Project Cost Management is designed to literally manage the “truth” of your project and provide integration to the systems you already have in place (no IT army necessary).

Learn how to manage risk with Hard Dollar’s Project Cost Management by clicking here.