Beset by overly optimistic bias at their inception

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Reference no: EM132178661

1. Describe the cost estimation techniques. Give examples of how cost estimation problems can occur in projects.

2. Who among you guys can buy me a can of coke and get it to me in a new way (not in person). Tell me how you're going to do that.

3. Research has shown that large scale projects are beset by an overly optimistic bias at their inception. How can projects prevent this systemic underestimation of cost so that the public is aware of the true cost of the project before commitment of any funding?

Reference no: EM132178661

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