Cost Overruns
Cost overruns refer to the situation where the actual cost of a space or astronautical project exceeds the planned or budgeted cost. Cost overruns can occur due to various reasons such as technical difficulties, unexpected events, changes in requirements, delays, and poor project management. Cost overruns can have significant negative impacts on the project, organization, and stakeholders. They can lead to delays, reduced scope, quality issues, and even project cancellation. Cost overruns can also result in financial losses, reputational damage, and legal issues. Therefore, it is essential to identify, monitor, and control the cost overruns throughout the project lifecycle. This can be achieved through effective project planning, risk management, stakeholder engagement, and performance measurement.
Your Previous Searches
Random Picks
- Fault Tolerance: Fault tolerance is the ability of a system to continue functioning properly in the event of the failure of some of its components. In the context of space and astronautical engineering, fault tolerance is a critical aspect of spacecraft des ... Read More >>
- Power Cycle: Power Cycle refers to the process of generating, storing, and distributing electrical power in spacecraft. It involves the use of solar panels or other power sources to generate electricity, which is then stored in batteries or other energy ... Read More >>
- Payloads: In space and astronautical engineering, payloads refer to the equipment, instruments, or materials that are carried by a spacecraft or rocket. These payloads can serve a variety of purposes, such as scientific research, communication, navig ... Read More >>
Top News
Bestselling author explains the science of happiness: "You can do the work"...
Bestselling author and Harvard professor Arthur Brooks opens up about how enjoyment, satisfaction and meaning in life can increase a person's wellbeing....
News Source: CBS News on 2024-11-18
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. H...
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon....
News Source: CBS News on 2024-11-15
You can't put a price on the sense of awe particle physics inspires...
Astronomy and particle physics are no longer seen as vital by the US establishment, so funding has fallen. But our work creates a sense of wonder, and wonder matters, says Chanda Prescod-Weinstein...
News Source: New Scientist on 2024-11-13
If you want to stretch your gift game into days this holiday, check out these ad...
The advent calendar phenomenon is growing every year, with so many exciting, fun, beautiful, and delicious options available...
News Source: ABC News on 2024-11-04
November brings a bonanza of meteor showers...
November brings a skywatching bonanza, with three meteor showers — the Southern Taurids, Northern Taurids and Orionids — offering chances to see shooting stars....
News Source: NBC News on 2024-11-02