How to Avoid Cost Overruns?

One of the biggest dilemma of agencies is to keep their cost minimal and delivering in time projects to ensure their profitability but it is inevitable that sometimes you will run over on costs for your projects, but if this is happening all the time there is a problem that needs to be addressed.  Are you estimating time materials and purchases correctly, are you ensuring that you are charging the client correctly or are you offering too many discounts to your services.  Is your team lacking experience, are they unaware of what a job will really entail to complete. Is there inefficiency in your working process that is meaning everything is taking longer than expected to complete so causing you to over-run, or are you just walking down a blind alley only to have to continually retrace your steps. Ensure that all of the above and your staff are working efficiently and you could see your cost over runs reduce. Or ultimately, you should deploy some project management system with essential tools required to accomplish above mentioned points to minimize incurring costs. Synergist is one of such a system that could help you and is highly recommended by Synergist consultants.