What are some case studies on budget overruns?
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What are some case studies on budget overruns?
There are several notable case studies on budget overruns. One example is the Denver International Airport project, which faced significant delays and cost overruns due to design changes and technical challenges.
What were the main reasons for the overruns in that project?
The main reasons included underestimating the complexity of the automated baggage system, design changes, and poor project management.
Are there any lessons learned from these case studies?
Yes, key lessons include the importance of thorough planning, realistic budgeting, and effective communication among stakeholders.
Can you provide another example of a project with budget overruns?
Certainly! The Big Dig in Boston is another famous case, where costs ballooned due to unforeseen engineering challenges and project scope changes.
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