zes its necessity. The design and construction teams must become cost-conscious. A capable cost control organization must be created as well. The organization must use good cost tools and follow-up procedures (Antony & Heckimian, 1967, p. 91).
Cost control begins in the owner's office during the conceptual engineering and planning phase. The decisions made
during the conceptual phase set the theoretical minimum cost
of the project. At this point in the project, the options open to management are considerable. Thus, the opportunities for cost savings are also greatest at this time.
Once the design basis is established, the minimum investment
in the project can be determined. Generally, the design basis is not questioned during the remainder of the project. This is because the pressures of a tight budget and schedule cause those engaged in the project to disregard any re-evaluation of the design basis.
...