Which of the following sources would most likely be responsible for persistent "project cost over-runs"?
A)rapidly rising inflation
B)delays in obtaining contracts and permits
C)lack of raw materials
D)forecasting bias by the sponsoring manager

Question

Quizplus · Accepted Answer

Forecasting bias refers to the tendency of the sponsoring manager to underestimate the costs of a project. This can lead to persistent cost overruns, as the project progresses and the actual costs exceed what was budgeted for. Inflation, delays in obtaining contracts and permits, and lack of raw materials can also contribute to project cost overruns, but these are typically more short-term factors.

Which of the Following Sources Would Most Likely Be Responsible