UCSF Medical Center at Mission Bay

Cost Management

We provide clients with accurate and reliable cost information that is sensitive to project-specific challenges and current market conditions to assist in making well-informed financial decisions. Through identification and management of project risks, we can help clients control cost, quality, and schedule.

Cost Management

To properly manage project risk requires a thorough understanding of the factors that determine and influence project cost and schedule. Identifying and managing risk and finances is the domain of Project Controls. Major tasks include:

  • Developing complete budgets at the beginning of the project cycle based on cost bench mark data and market trends
  • Establish Target Values Costs to meet financial goals
  • Continuous cost analysis during design for timely and informed decision-making
  • Earned Value Analysis (EVA) during construction to ensure a close correlation between cost forecasts, actual cost, and work completed
  • Track contingencies and allowances
  • Analyze and settle change orders
  • Cost estimating
  • Schedule review and testing thorough work flow analysis
  • Project close-out and financial reconciliation
  • Project Reporting