September 2012
Intermediate to advanced
376 pages
6h 44m
English
Strategic perspective
Operational processes and supply chain perspective
Key performance question this indicator helps to answer
To what extent are our projects delivered on budget?
According to the Standish Group, 70% of projects are over budget and 52% of all projects finish at almost 200% of their initial budget. There are many famous examples, such as the Concorde supersonic aeroplane, which cost 12 times more than scheduled, the Channel Tunnel between the UK and France had a construction cost overrun of 80% and one of the most famous budget overruns happened at Boston’s ‘Big Dig’ tunnel construction project which was 275% ($11 billion) over budget. The project was originally ...
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