What is the most common cause of big projects over running on their estimated budget? For example, I recently learned that the HS2 train line in the UK will be nearly £75bn over the estimated budget! How was the estimate so wrong? 600 viewsJanuary 3, 2024 Question91.79K September 7, 2020 0 Comments What is the most common cause of big projects over running on their estimated budget? For example, I recently learned that the HS2 train line in the UK will be nearly £75bn over the estimated budget! How was the estimate so wrong? In: Engineering 11 Answers ActiveNewestOldest Anonymous Posted September 7, 2020 0 Comments Nobody wants to put a big line item in the estimated budget for “stuff we haven’t thought of, or things going wrong we haven’t anticipated”. https://en.wikipedia.org/wiki/Planning_fallacy You are viewing 1 out of 11 answers, click here to view all answers. Register or Login
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