{"id":579775,"date":"2021-12-21T08:30:01","date_gmt":"2021-12-21T08:30:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=579775"},"modified":"2021-12-21T08:30:01","modified_gmt":"2021-12-21T08:30:01","slug":"effectively-managing-construction-project-costs-crucial-to-their-success-according-to-matt-mong-of-adeaca","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/effectively-managing-construction-project-costs-crucial-to-their-success-according-to-matt-mong-of-adeaca_579775.html","title":{"rendered":"Effectively Managing Construction Project Costs Crucial to their Success According to Matt Mong of Adeaca"},"content":{"rendered":"
\"Effectively<\/a><\/div>\n

Matt Mong, VP of Market Innovation and Category Design at Adeaca, the leader in Project Business Automation (PBA), authored a recent article in Construction Executive. Mong discussed how construction companies often do not have a good way to track costs once the project starts. This is because the costs of operations are not directly tied to their financial system. The problem is it takes time for someone to report the status of all the project tasks and then associate costs to those specific tasks. Read the full article here<\/a>.<\/p>\n

According to Mong, “Effectively managing project costs is crucial to the success of the company. When searching for a complete project cost management solution, key capabilities include precision, cost breakdown structure, estimate at completion, change orders, cost controls, and real-time reporting.”<\/p>\n

Successful construction companies understand the importance of being able to see the financial impact of operational issues in their projects. The only way to effectively manage project financials is to put projects front and center.<\/p>\n

Construction Executive is the magazine for the business of construction. It reaches more than 55,000 commercial, industrial, and institutional contractors and construction-related business owners and has won more than 20 editorial awards.<\/p>\n

About Adeaca:<\/strong><\/p>\n

Adeaca<\/a>\u202fis the first company to introduce Project Business Automation (PBA),\u202fa\u202fnew category of software systems built for companies who consider projects an important part of their business. Recognized by Forrester,<\/a>\u202f PBA is\u202frevolutionizing how projects get done by providing the capabilities to manage and govern project processes from beginning to end.<\/p>\n

The\u202fPBA Quick Guide<\/a>\u202fprovides a high-level overview on how PBA focuses on the business side of projects and\u202fhow to apply new rules to improve key business drivers. \u202f<\/p>\n

Adeaca\u202fknows\u202fthe challenges of managing and delivering projects, whether external or internal, and the solutions to solve them.\u202fThe Adeaca\u202fteam consists of project experts who understand that many companies cannot deliver better outcomes due to three primary conditions:\u202f<\/p>\n