Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
Twice of your budget is an extremely high figure ... Wow ! What was the original budget ?
For your project to be 200% overbudget means that either the estimates that were done and budgeting was done loosely or that the client changed the whole project !!!
The maximum any of the project I managed ran over budget was 25% and it was due to major client changes. The original budget was $27 Million.
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1 reply by Omer Ahmed
Sep 30, 2018 1:23 AM
Omer Ahmed
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The original budget was $ 26 Million and the project was underestimated plus some client changes.
Saving Changes...
Omer AhmedLead Cost Control Engineer| Petroserv limitedDoha, Doha, Qatar
Sep 29, 2018 2:27 PM
Replying to Rami Kaibni
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Twice of your budget is an extremely high figure ... Wow ! What was the original budget ?
For your project to be 200% overbudget means that either the estimates that were done and budgeting was done loosely or that the client changed the whole project !!!
The maximum any of the project I managed ran over budget was 25% and it was due to major client changes. The original budget was $27 Million.
The original budget was $ 26 Million and the project was underestimated plus some client changes.
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1 reply by Muthukrishnan Ramakrishnan
Oct 08, 2018 9:52 AM
Muthukrishnan Ramakrishnan
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Yes, Seems to be a lot of change for any project and timeline should have also increased
Sounds like a lot of scope was added ;-) Saving Changes...
Cesar FiestasTechnical Project Leader| Intuitive ProjectsNewport Beach, Ca, United States
Omer,
Were the "in scope" and "out of scope" definition well defined on your project? What happened with the changes? were this out of scope changes? if so did you not charge for any "out of scope" changes? can you elaborate more on the "project was underestimated" part?
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1 reply by Omer Ahmed
Oct 01, 2018 1:27 AM
Omer Ahmed
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We claimed many VO's and EOT, but the client has rejected the EOT and some variations and whatever accepted VO's they are not exceeding $ 0.7 Million.
underestimated because we squeezed our price to get the project.
Saving Changes...
Omer AhmedLead Cost Control Engineer| Petroserv limitedDoha, Doha, Qatar
Sep 30, 2018 12:29 PM
Replying to Cesar Fiestas
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Omer,
Were the "in scope" and "out of scope" definition well defined on your project? What happened with the changes? were this out of scope changes? if so did you not charge for any "out of scope" changes? can you elaborate more on the "project was underestimated" part?
We claimed many VO's and EOT, but the client has rejected the EOT and some variations and whatever accepted VO's they are not exceeding $ 0.7 Million.
underestimated because we squeezed our price to get the project. Saving Changes...
RAJESH K LProject Manager, PMP| Bharat Electronics, Bengaluru, IndiaBengaluru, Karnataka, India
Scope creep and failed requirements management results in budget overrun Saving Changes...
Omer AhmedLead Cost Control Engineer| Petroserv limitedDoha, Doha, Qatar
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