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As a software developer, I can tell you that MBAs aren't necessary for massive cost overruns. People are bad as estimating the cost of technical work when unkn
by smt88 3y ago
As a software developer, I can tell you that MBAs aren't necessary for massive cost overruns.
People are bad as estimating the cost of technical work when unknown-unknowns are involved, and the problem becomes worse when there's a massive incentive to underestimate to win the contract when you know the government will pay for all of your overruns.
- pie_flavor 3y agoThose describe the discrepancy between an incorrectly low bid and a reasonable-but-higher cost. They do not describe how the cost gets astronomically high.