Project manager for construction project

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Reference no: EM133619330

Question

Imagine you are the project manager for a construction project. You've recently started construction, and the project is in its early stages. The project's budget is substantial, and you are accountable for keeping costs in check. However, you have noticed some discrepancies between the estimated costs and the actual costs of specific activities. You also have a limited budget for contingencies. How do you think the effective use of measuring tools in project cost management can help address the discrepancies between estimated and actual costs in this construction project?

Reference no: EM133619330

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