Problem:
Valuable staff time and professional fees are wasted when the project is appropriate and affordable but derailed because of a conservatively high cost estimate. The same thing can happen when the project cost is understated and requires redesign midstream, resulting in expensive "change orders. The project manager needs to be on top of these types of issues early in the process.
What are some other ways that a project could have additional expenses if misunderstandings occur about the scope and type of project?