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It really depends very much on the project or organisation. If you're doing anything that involves risk, creativity, innovation, or research, it's almost imposs
by peterkelly 14y ago
It really depends very much on the project or organisation. If you're doing anything that involves risk, creativity, innovation, or research, it's almost impossible to predict. And even projects which contain little or none of these aspects often seem to go way beyond their initial budgets.
- MortenK 14y agoAgreed. R&D is notoriously hard to estimate and high-risk projects require tight risk management to allow proper progress monitoring. And yes it also depend on the organization as most organizations don't even keep records of initial vs actual estimates, making estimation based on historical data hard to impossible. As for projects going over initial budgets, that's a different problem from progress monitoring, though they often go hand in hand.