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What is time and cost overrun? What are the common causes of time and cost overrun? Explain the corrective measures for the same.
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| written 7.0 years ago by |
It is the phenomenon in which the client / contractor has to spend more money for the completion of the project than originally estimated. i.e. project goes over budget.
Time over-run is the phenomenon in which the project gets delayed beyond its expected completion time due to certain difficulties. More …