Reasons For Cost Overruns

Author: · July 9, 2008 · Filed Under Estimating, General, Project Management, Thoughts  - 0 Comment(s)

Evin Stump, one of Galorath’s  risk gurus provided a list of major overrun causes this I thought was interesting:

  1. Challenging the state of-the-art

  2. Shortages of talent, especially in early project months

  3. Imposition of unrealistic schedules

  4. Underfunding, either intentional or due to inadequate estimating

  5. Poor definition of requirements

  6. Customer uncertainty about what they want





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