Do cost overruns just happen or are they caused

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Reference no: EM131244973

1. Do cost overruns just happen, or are they caused?

2. Cemeteries are filled with projects that went out of control. Below are several causes that can easily develop into out-of-control conditions. In which phase of a project should each of these conditions be detected and, if possible, remedied?

a. Customer's requirements not understood

b. Project team formed after bid was prepared

c. Accepting unusual terms and conditions

d. Permitting a grace period for changing specifications

e. Lack of time to research specifications

f. Overestimation of company's capabilities

Reference no: EM131244973

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