A cost overrun occurs when project spending exceeds its budget. Finding the causes helps a team choose how to respond rather than treating the excess as a single problem. section 8.2.2
To address an overrun:
- Identify contributing factors, such as scope changes, unexpected problems, inaccurate estimates, or resource constraints. section 8.2.2
- Work with the team to reconsider approaches and priorities, reallocate resources, improve task allocation or workflows, or seek additional funding if feasible. section 8.2.2
- Use smaller milestones and regular client feedback to spot budget challenges sooner and adjust as the project progresses. section 8.2.2
Compare the cost of approaches
A client wanted a custom-built solution and disliked Angular because of a previous bad experience. After discussing the concern and weighing options together, the team chose Angular over building a custom library. section 8.2.2
