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The Impact of Cost Estimation Accuracy on Project Success
Cost estimation lies at the heart of every successful project—but when estimates miss the mark, the consequences ripple through budgets, schedules, and stakeholder trust.
The Impact of Cost Estimation Accuracy on Project Success offers a deep exploration into how accurate forecasting influences project performance across industries. Drawing from academic research, industry case studies, and professional insights, this analysis uncovers the overlooked psychological biases, strategic missteps, and systemic challenges that lead to flawed cost projections.
Key insights
How estimation accuracy affects budget and schedule adherence
The role of human psychology in cost forecasting
Real-world consequences of poor estimation practices
Criteria and frameworks for improving estimate precision
Sector-specific estimation challenges and risk factors
Perfect for project managers, planners, researchers, and anyone working in project-driven environments, this work provides actionable knowledge to improve cost control, boost stakeholder confidence, and increase project success rates.
The Impact of Cost Estimation Accuracy on Project Success offers a deep exploration into how accurate forecasting influences project performance across industries. Drawing from academic research, industry case studies, and professional insights, this analysis uncovers the overlooked psychological biases, strategic missteps, and systemic challenges that lead to flawed cost projections.
Key insights
How estimation accuracy affects budget and schedule adherence
The role of human psychology in cost forecasting
Real-world consequences of poor estimation practices
Criteria and frameworks for improving estimate precision
Sector-specific estimation challenges and risk factors
Perfect for project managers, planners, researchers, and anyone working in project-driven environments, this work provides actionable knowledge to improve cost control, boost stakeholder confidence, and increase project success rates.
19 pages, Kindle Edition
Published September 23, 2025
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