3 ms·
2x the initial cost seems reasonable. If the estimate was this wrong, it's useless and the project needs to be reestimated.
by Kinrany 5y ago
2x the initial cost seems reasonable. If the estimate was this wrong, it's useless and the project needs to be reestimated.
- brigandish 5y agoThe problem is that many initial estimates will be low ball offers to try and win a contract. Perhaps combine the sunken-cost-limit with delayed payments, otherwise companies might low ball offers knowing they can never finish but still don't care because they'll be paid. Better oversight is clearly needed too. There won't be one tool that'll do the job on its own.