Cost Management: Just the Facts, Please

Education ,

Cost management is critically important for construction projects and increasingly difficult.  A recent study by Dodge Data & Analytics shows that 33% of typical projects come in over budget, and even among projects identified by contractors as their best performing, more than one in five fails to meet budget.

Dodge released a new SmartMarket Brief in Q4 of 2021, entitled The Construction Cost Management Report, which is based on a Dodge survey of 243 Owners (122 public, 121 private), 240 general contractors, and 241 specialty trade contractors from the U.S., Canada, the United Kingdom, and Australia/New Zealand.  

Stephen Jones, Senior Director of Industry Insights Research for Dodge, will share findings from this research, including:

  • Current capabilities & challenges
  • Solutions and processes
  • Future needs

Learn what the findings mean: 

It is intended to establish a mutual awareness of the current state of cost management capabilities, challenges, solutions, internal processes, and needs for future improvement.

Steve A. Jones

At Dodge Data & Analytics, Steve Jones focuses on how emerging economic, practice, and technology trends are transforming the global design and construction industry. In addition to hundreds of speaking engagements around the world and numerous articles in industry publications, he produces Dodge Data & Analytics’ SmartMarket Reports on key industry trends, which are read by millions worldwide and frequently cited as authoritative references.

Steve holds an MBA from the Wharton School of the University of Pennsylvania, and a BA from The Johns Hopkins University. He has a track record of active leadership in many industry initiatives and serves as a judge for numerous industry awards.

Before joining Dodge, Steve was Vice President of Primavera Systems (now part of Oracle), the global leader in project management software. Prior to that, Steve spent 19 years in creative and management roles with top architectural/engineering firms, most recently as a Principal and Board of Directors member with Burt Hill, one of the largest A/E firms in the US (now merged with Stantec).