Answer to Question #149088 in Economics for daisy

Question

outline 6 factors that may lead to project down scaling,delays or cancellation

Answer 1

1. One major factor that has been identified as reasons for cost overrun in most projects is design errors.
2. Delay and cost overrun in project could be as a result of scope change.
3. Another major reason for cost overrun and delay in project is inappropriate and inadequate procurement and faulty contractual management system.
4. The complexity of project could also be a contributing factor to delay and cost overrun.
5. The post execution phase (closure) of a project contains potential factors that can lead to delays and cost overrun.
6. There are other causes of project delay and cost overrun such as the ability of a contractor to do the job as planned, design or engineering mistakes.