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2015EPC Contracts Controlling cost blowouts on mining developments By Jonathan Hosiers document is confidential and accordingly its contents are not to be disseminated or copied to anyone without
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Controlling cost blowouts are an important aspect of managing project budgets and ensuring that expenses do not exceed the planned amount.
Project managers or individuals responsible for overseeing project budgets are typically required to file controlling cost blowouts.
Controlling cost blowouts can be filled out by providing detailed information on actual expenses, comparing them to the budgeted amounts, and explaining any deviations.
The purpose of controlling cost blowouts is to identify any discrepancies between planned and actual expenses, and to take corrective actions to avoid budget overruns.
Information such as actual expenses, budgeted amounts, variances, reasons for cost overruns, and corrective actions taken must be reported on controlling cost blowouts.
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