Cost Overruns in Construction Projects: Causes, Examples, and Mitigation Strategies.

Introduction Cost overruns in construction projects are a common yet significant challenge that stakeholders face across the globe. These overruns occur when the actual cost of a project exceeds the original budget, potentially leading to severe financial implications, delays, and even project abandonment. Understanding the causes, impacts, and strategies to prevent cost overruns is critical for successful project management. This […]