For Engineering, Procurement and Construction (EPC) firms, projects are constantly increasing in size and scope while competition keeps margins thin. In one moment, a project that was running smoothly can be thrown off schedule and run over budget thus leaving project changes to erode any margins even further. Without comprehensive cost control, troubled construction projects can spiral out of control before anyone even recognizes a problem exists. Consequently, engineering and construction firms are faced with mounting pressure to adopt stringent project cost and earned value management processes to enable complete project transparency.

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