Client note: Managing your project costs

One of the critical aspects of the architectural process is the management and understanding of the project cost. Any architectural process includes the key parameters of scope, time, quality and cost. Building more, in less time and with better quality will result in increased cost. Similarly, to reduce cost, one or more of the other key parameters will need to be modified. The establishment, recording and constant communication about the project budget, compared with the actual estimated cost, is crucial to a successful project outcome.