Remove 2014 Remove Budget Remove Estimate Remove Governance
article thumbnail

Public Infrastructure: Project Management as a Key Success Factor

Inloox

If this had been the case earlier, the building would have been completed in 2014 already. The costs, initially estimated at 190 million euros, have now risen to 332 million euros and are expected to keep increasing. During the extensive approval processes alone, inflation can already pose a threat to budget planning.

article thumbnail

Transport for London’s Signal Failure – £886m more than planned*

Ron Rosenhead

The above costs come from a report published by Budget and Performance Committee of the London Assembly. As late as June 2014, TfL’s senior management continued to claim that the project could still be delivered by 2018 despite rail experts suggesting that this was impossible. Horrible headlines and a horrible situation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Scheduling and Cost Control in a Complex Environment

Strategy Execution | PMO Perspectives

Professor Flyvbjerg’s evidence showed that out of 12,000 major projects studied globally, fewer than half were on budget, fewer than 8% also on schedule, and only 0.5% As expected, it has a 100% record in delivery on schedule, but no Olympic Games has ever met the original budget (mean cost over-run 172%).

article thumbnail

Risk Management Resources

Herding Cats

requires making estimates) ? A Taxonomy of Threats for Complex Risk Management,” Centre for Risk Studies, Research Programme of the Cambridge Centre for Risk Studies, University of Cambridge, Judge Business School, June 2014. “A Estimation of Long?Term 1, March 2014. Making these decisions in the presence Uncertainty ?

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

requires making estimates) ? A Taxonomy of Threats for Complex Risk Management,” Centre for Risk Studies, Research Programme of the Cambridge Centre for Risk Studies, University of Cambridge, Judge Business School, June 2014. “A Estimation of Long?Term 1, March 2014. Making these decisions in the presence Uncertainty ?

article thumbnail

Concept of Operations

Herding Cats

For any non-trivial project, we have a planned release date for the needed Capabilities, for a needed budget. January 2014, Homeland Security Studies & Analysis Institute. Why Guessing is not Estimating and Estimating is not Guessing. The ConOps is the place to start identifying those needed Capabilities. .

2014 38
article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

Governance (#Governance). Six Business System Rule - defines the assessment of the integrated business systems for Federal procurement and their integrity in providing information to the Government contracting office. . Putting these guides and BOK's to work for the benefit of the enterprise is the role of Project Governance.