FOCUSED SESSION

Cost Control – How to Accurately Forecast Project Spending and Minimize Costs

December 12, 2023 9:30am

Colin Xander
North America Turnaround Director
INEOS Styrolution (USA)

  • How budget forecasting can be utilized for controlling costs
  • Estimating the right level of contingency necessary and how to increase the likelihood of including this in the project budget; how to apply contingency funding when problems arise
  • Designing a robust cost tracking system and developing a daily reporting procedure to determine how the budget is performing compared with tasks completed