Situations where actual project costs exceed predicted project costs are referred to as cost overruns (or budget overruns). Every project manager must understand how to prevent.
Recognize, and manage cost overruns because they can result in delivery delays or even project failure. Lack of delivery time accounts for the failure of 55% of software initiatives. One of the most common errors is setting an unrealistic deadline for the project's implementation. Software developers are pressured to work quickly and diligently, which has a negative impact on, among other things, the standard of the coding. The finances of a project are significantly impacted by unforeseen delays.
To learn more about cost overruns, click here.
https://brainly.com/question/28547700
#SPJ4
