Understanding the reasons for past project overruns provides valuable lessons to improve future cost estimates.
Research the ITT Tech Virtual Library to find a real-life case study about a project that overran its original cost estimate. Use "project overruns" as a search term for finding articles on the ITT Tech Virtual Library. Using the case study, answer the following questions:
What do you think is the reason for the cost overrun for the project?
Which cost estimating methods or other corrective actions could have been used to avoid the overruns in the project?
Submission Requirements:
Save your work in minimum three pages of a Microsoft Word document, and submit the document to your instructor as an attachment through the Questa Learning Plan. Include APA formatting for references and in-text citations.