Description
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Real Examples of Project Estimation Errors and Their Causes
From your own experience or from research, find a project that had problems with estimation (schedule, cost, or both) and describe the magnitude and causes of the problem, and the effect on the project and the project's long-term result.
Explanation & Answer
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Running Head: PROJECT ESTIMATION ERRORS
Project Estimation Errors
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PROJECT ESTIMATION ERRORS
Examples of project estimation errors
Many people expect project estimation to be exact and correct, which is not valid. Many
errors can have an impact on both the project schedule and cost. Some of the mistakes include;
confusing targets and estimates, objectives are an ambit point often used to edge tenders. For
instance, a customer will typ...