Comparing estimated costs against actual costs
In the previous section on monitoring costs, tables were used to calculate the difference between estimated costs and actual costs.
The most effective way is to plot the information from the table on to a graph or bar chart. When putting a project on a graph or bar chart it is standard practice to group work together into sections such as 'lower wall framing'. A cost can then be attributed to this task or section of the project.
It is important to keep lists of the expenditure for each task in the graph or bar chart so that you can monitor actual price against estimated price.