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Cost Overrun in Aerospace and Defense: The Main Causes and How to Prevent Them

Epicflow Blog

No project is immune to factors that may result in cost overrun – from a mistake made by a team member that will extend a project’s timeline to force-majeure events like pandemic or war. . However, most of the causes for cost overrun can be explained by poor project and resource management.

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Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow Blog

For example, the aerospace and defense industry is associated with the following risks: Volatility in the geopolitical and economic environment, Competition in the domestic and international markets, Exposure to cyber risks, and others. Speaking of the industry-related ones, risks can be unique or common across industries.