Mega Project Cost and Schedule Estimates - A History of Denial
This webcast will examine the historical cost and schedule growth data for large projects and discuss the magnitude, which is larger than commonly acknowledged, and reasons why. We will examine historical evidence relative to underestimating both costs and schedules for long-term NASA programs and other large scale projects. We will also look at how skewed confidence levels resulting from ultra-optimistic estimates can jeopardize program continuance. Furthermore, this presentation will examine detail accuracies and discuss methods of risk quantification, including the use of tools such as @RISK.