Which of the following may be responsible for a fair share of the perennial "project cost overruns"?
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 by the sponsoring manager can often lead to unrealistic cost estimates and project plans, resulting in cost overruns. While factors like inflation, delays in obtaining contracts and permits, and lack of raw materials can also cause cost overruns, they are not as significant as the forecasting bias.

Which of the Following May Be Responsible for a Fair