Accession Number:
AD1007905
Title:
Cost Overrun Optimism: Fact or Fiction
Descriptive Note:
Journal Article
Corporate Author:
Defense Acquisition University Fort Belvoir United States
Personal Author(s):
Report Date:
2016-02-29
Pagination or Media Count:
18.0
Abstract:
The purpose of this study was to determine if the overruns at completion projected by contractor and government personnel are unrealistically optimistic. Research has established that, once a contract is 15 percent complete, the final cost overrun will exceed the cost overrun to date W. Abba,personal communication, 1992 Christensen, 1989 Heise, 1991 Wilson,1991. Thus, a projected overrun at completion is defined as unrealistically optimistic if it is less than the present cost overrun.