10/21/2026
Asset management leaders, this one’s for you.
You approved a $2.5M capital construction project.
Eight months later, it cost you $3.4M.
Now you’re asking how to stop budget overruns once and for all.
Here are three blindspots you may not be aware of:
You have no internal benchmarking system in place
You approve budgets based on estimates not meant for project authorization
Your project management has drifted from first principles
Read more in the article below.
Walk into the decision room knowing your number.
Benchmark your projects, approve only Class 3 cost estimates or better, and return to project management first principles to keep capital projects on budget.