This substantially revised and updated text explains how time, money and risk are controlled on construction projects using case studies and worked examples. Planning and project management during the design phase is now included and the content on procurement and contracts has been updated and extended. There are new chapters on procurement of contracts, managing risk and managing the supply chain. The book retains its core content on budgets, cost-value reconciliation, the planning process and programming techniques but now places more emphasis on finance and cash flow for the client and contractor. Sections have been added on the importance of procurement programmes and early warning systems applied to managing major projects. A major case study has been included on a current project highlighting contractor control procedures.