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I lead telecom projects were we faced cost overrun but they were justify because the market need to deliver the product before the competence. But generally speaking the problem is not to face cost overrun the problem is do not detect this in advance mainly thanks the risk monitoring and control. So, project management duty is to inform project status in advance to detect deviations and put on hands of the people that must take decisions the needed information.
Good to hear from you, Thanks Sergio Luis Conte for helping me out.
what is the nature of your telecom projects either a new product or service delivery?
If you project has experienced a cost overrun, there are two things you'll want to do:
1. Address the overrun itself by providing options to decision makers which still result in the project succeeding.
2. Identify what caused the overrun and improve your risk management practices to reduce the likelihood of this happening again later in the life of the project.
The specifics for both of the above really depend on the context of the project. As Sergio indicates, this is less about a telecom project, and more about the constraints & factors affecting the project.
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