If management "Squeezes the fat . . ."
Some managements or clients
- Approve a lesser budget than even the estimate suggests
In the belief that
- They are squeezing out the "fat" in the estimate
- And hence impose an unrealistic cost target
The implication is that
- Either they have no faith in their estimator's work
- Or they believe in project management miracles
- Either way, this is a recipe for disaster!