How good have sponsors of infrastructure projects been in estimating costs? The literature on estimating costs for megaprojects has shown that the track record with respect to coming close to a project's budgeted cost is dismal. Do an internet search to identify a megaproject and explain whether the project's construction cost came too close to the budgeted amount. If the budgeted amount was exceeded, explain why?

Answer rating: 100% (QA)

One notable megaproject that experienced significant cost overruns is the Big Dig in Boston Massachusetts USA The Big Dig was a largescale highway con... View the full answer