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Q. Why do projects always seem to cost more than expected?
In general this seems to stem from three causes. The first may merely be an overly optimistic cost estimate. Sometimes under-estimating is politically motivated to ensure project approval. Secondly some schedule delays inevitably translate into added costs for someone. Thirdly for the reason that most people have difficulty in fully understanding plans and specifications when the sponsor or else the users see the physical results of the project they then seek changes which cost significantly more to implement than they would have had they been made at the planning stage.
Q. Can surprises be reduced? Yes absolutely! By their vary nature projects are uncertain business and uncertainty can lead to both risk and opportunities. As a result a very im
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Compare and Contrast the KN346 investment and the "plain vanilla" alternative.
Quantitative Layout Analysis - Travel Chart A basic tool that is primarily used to analyze the material handling cost or in certain cases number of moves in a process layout i
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