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If Construction Cost Overruns Exceeds 3% -> Monitor; 5%  -> Take Action

PQM can help your organization improve consistency and reliability throughout. Design errors, omissions, field condition changes and owner imposed changes can significantly increase construction costs. If your construction cost overruns exceed 3% of the bid price then a root cause analysis should be considered, and if they exceed 5%, a Corrective Action Plan should be developed and implemented. The core problems often begin with the implementation of a Quality Management Program, and interferences, such as schedule and/or budget constraints can continue to increase the challenges of project delivery. PQM can help your organization implement a successful Quality Management Program that will balance with the Project Management activities and reduce risks, and result in reduced construction cost overruns.

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