Cost forecasting: what it is, why it matters, and how to do it right
In my years managing client work before joining Teamwork.com, I watched the same pattern repeat across agencies and consultancies. A project gets scoped. A budget gets approved. Then nobody looks at the numbers again until the final invoice lands. By then, the margin is already gone. Cost forecasting is the discipline that breaks that cycle. It gives you a continuously updated view of where your project costs are heading, not where they were last quarter.