The reason for the cost overrun for the project

Assignment Help Business Economics
Reference no: EM13984388

Understanding the reasons for past project overruns provides valuable lessons to improve future cost estimates.

Research the ITT Tech Virtual Library to find a real-life case study about a project that overran its original cost estimate. Use "project overruns" as a search term for finding articles on the ITT Tech Virtual Library. Using the case study, answer the following questions:

What do you think is the reason for the cost overrun for the project?

Which cost estimating methods or other corrective actions could have been used to avoid the overruns in the project?

Submission Requirements:

Save your work in minimum three pages of a Microsoft Word document, and submit the document to your instructor as an attachment through the Questa Learning Plan. Include APA formatting for references and in-text citations.

Reference no: EM13984388

Questions Cloud

Explained by the price elasticity of demand : Which of the following is explained by the price elasticity of demand?
Problem regarding the different unrelated fields : If a company (considering its options on the product/market expansion grid) chooses to move into different unrelated fields (from what it has ever done before) with new products as a means to stimulate growth, the company would be following which ..
Write-up for capital accumulation-tfp and convergence : Write-up for a case in macroeconomics and find a list of indicators for a number of emerging market economies
Reasons for unethical decision-making among psychology : Identify and discuss the most common reasons for unethical decision-making among psychology professionals. Once you have established some reasons why unethical decision making may occur in the field
The reason for the cost overrun for the project : Understanding the reasons for past project overruns provides valuable lessons to improve future cost estimates. What do you think is the reason for the cost overrun for the project? Which cost estimating methods or other corrective actions could have..
Describes the classical view of economics : Which of the following best describes the classical view of economics?
Describes increasing returns stage of production function : Which situation describes the increasing returns stage of the production function?
Which statement does not correctly describe bonds : Which statement does NOT correctly describe bonds?
Describes the short-run time production period : Which of the following describes the short-run time production period?Firms can vary only one of the inputs in the production process. Firms can vary all inputs into the production process. Firms cannot vary any of the inputs into the production proc..

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what weakness does this measure have

Illustrate what are the arguments for using real per capita GNI to compare living standards between countries. What weakness does this measure have.

  Q an independent trucker has the following options if he

q. an independent trucker has the following options. if he buys expensive machinery then he can hire fewer drivers to

  Explain the ethnocentric-polycentric and egocentric

Explain the ethnocentric, polycentric, egocentric, and geocentric approaches toward international human resource management, including when and how each is best used.

  Illustrate what is the price of the dodge dart

He drove this car until 2003 when he bought a Honda Civic for $18,000. If the price index in 1969 was 36.7 and the price index in 2006 was 180, Illustrate what is the price of the Dodge Dart in 2006 dollars.

  Discuss the major implications of these findings for society

Briefly summarize Portney's overall assessment of the 1990 Clean Air Act Amendments, and discuss the major implications of these findings for society.

  Find the new optimal road width

Suppose that the government is deciding how wide to make a public road that services one resident named Bob. Bob’s willingness to pay for each meter of road is described by 20 – 2Q. Find the new optimal road width. Graph Bob’s willingness to pay (dem..

  Effective rate of protection-imposes a tariff will observe

Suppose the "Effective Rate of Protection" for Brazilian automobile producers is calculated to be - 60% (negative 60 percent). This result indicates that. A small country that imposes a tariff will observe: In the figure above, a large importing coun..

  Describe what has happened in the corn and soybean markets

Describe what has happened in the corn and soybean markets and how that has influenced the chicken market

  Preferences are represented by the utility function

Suppose David spends his income (I) on two goods, x and y, whose market prices are px and py, respectively. His preferences are represented by the utility function u (xy)= lnx + 2 ln y (MUx=1/x, MUy=2/y). Derive his demand functions for x and y.

  What is the equivalent annual worth of the new machine

An existing machine is worth $2,500 today. Its $8,000 operating cost for this year is predicted to increase by $1,000 annually, owing to deterioration. It will be retired in 4 years, when its salvage value will be zero. what is the equivalent annual ..

  Personality tests to understand consumer behavior

Research the topic of how marketers use personality tests to understand consumer behavior. The use of information around psychological traits and demographics can be significantly valuable information to the marketer.

  How industry consalidation has impacted the company

discuss Colgate-Palmolive's revenue, gross profit margin, operating profit margin, and strategies of the firm. Explain how industry consalidation has impacted the company and make projections about the long-term prospects for the company.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd