Project Management Institute

Reality Check

Organizations and Project Leaders Can Take These Steps to Make Megaproject Cost Estimates More Accurate

Massive infrastructure projects frequently gain attention not only for their architectural or technical features but also for their incredible cost overruns. Accurately estimating the costs of megaprojects will always be a challenge: There's extensive funding, marathon construction and a plethora of divergent stakeholders. However, organizations and project leaders who incorporate four critical pieces into their cost estimating process can improve their accuracy.
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