Preventing The Devastating Impact of Scope Creep in Construction
The construction industry is constantly challenged by factors such as tight deadlines, budget constraints, and complex regulatory environments. Among...
1 min read
Jerad Ferrell : May 9, 2023 11:52:02 AM
Scope creep is a common challenge that plagues construction projects, leading to budget overruns, schedule delays, and stakeholder dissatisfaction.
Below, we delve into the numbers behind scope creep and its impact on construction projects and the surprising prevalence and consequences it brings, such as cost overruns, time delays, and stakeholder dissatisfaction.
These numbers speak for themselves when it comes to the prevalence and impact of scope creep in construction projects. However, with proper contract management and efficient change control processes, these consequences can be mitigated, leading to significant cost savings and improved project outcomes.
The adoption of automated contract management systems is becoming increasingly common in the construction industry, with many companies recognizing the benefits of increased efficiency and transparency. By keeping these statistics in mind and adopting effective contract management strategies, construction companies can better manage scope creep and ensure successful project outcomes.
The construction industry is constantly challenged by factors such as tight deadlines, budget constraints, and complex regulatory environments. Among...
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