Your team has been asked to select the site for a new plant. Just 15 minutes before
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Your team has been asked to select the site for a new plant. Just 15 minutes before the presentation to management, you find a possible mistake in the numbers, putting the cost 10% over budget. You don’t have time to recheck all the figures, so you’re tempted to go ahead without mentioning it. Since many projects run over their original estimates, you can probably work the extra cost into the budget later. What should you do?
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Step 1 Budget is the estimation of costs which will be incurred in ... View the full answer
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