Why is this all so important? - 3
- Is the project being properly accounted for?
- Especially if public funds are involved
- cost and schedule overruns will be hotly debated!
- If the project is of long duration, how is inflation being accounted for?
- Be careful to distinguish between "as spent funds", the original "base budget" and the "current inflation-adjusted budget"
- Draw-down from the contingency allowance will add further complications