Quotes About Overruns

Errors in the initial budget are not always innocent. The authors of unrealistic plans are often driven by the desire to get the plan approved—whether by their superiors or by a client—supported by the knowledge that projects are rarely abandoned unfinished merely because of overruns in costs or completion times.

2012 the Pentagon said it wanted to buy fewer F-35 Joint Strike Fighter planes than had been planned—the single-engine fighter has been plagued by cost overruns and technical glitches—but the contractors and their friends on Capitol Hill vowed to fight the decision.

Most software disasters start out too small to notice, and most project overruns happen a day at a time.

Are the benchmarks reasonable? Logically, that should be the first question that is asked, but it rarely comes up at all. Once we frame the problem as one of time and money overruns, it may never occur to us to consider that the real source of the problem is not overruns at all; it is underestimation. This project was doomed by a large underestimate. And the underestimate was caused by a bad anchor. To create a successful project estimate, you must get the anchor right.

We have documented in this book that: • Cost overruns of 50 per cent to 100 per cent in real terms are common in megaprojects; overruns above 100 per cent are not uncommon; • Demand forecasts that are wrong by 20 per cent to 70 per cent compared with actual developments are common; • The extent and magnitude of actual environmental impacts of projects are often very different from forecast impacts. Post-auditing is neglected;

Cost overruns are not uncommon in architecture, particularly for designs that depart from structural or technological norms, or demand a finer quality of execution than commercial schemes - conditions typical of buildings for cultural institutions. Budgets are exceeded for many reasons, not all of them within an architect's control.

submarine to the operational area. From there, it was to be launched from its mother sub with sixteen fully loaded Navy SEALs. It had a speed of eight knots and a range of 125 nautical miles. The original program called for six of these craft. Because of technical issues and massive cost overruns, the program was canceled. Only two of the craft were built and one of those sank in deep-ocean waters