Question: Research has shown that large scale projects are beset by an overly optimistic bias at their inception. How can projects prevent this systemic underestimation of

Research has shown that large scale projects are beset by an overly optimistic bias at their inception. How can projects prevent this systemic underestimation of cost so that the public is aware of the true cost of the project before commitment of any funding?

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Preventing systemic underestimation of costs in largescale projects and ensuring the public is aware of the true cost before committing funding is essential for responsible project management Here are ... View full answer

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