Login
or
Register
Home
»
Trains Magazine
»
Forums
»
General Discussion
»
PTC quote
Edit post
Edit your reply below.
Post Body
Enter your post below.
<p><span style="font-family:verdana,geneva;font-size:small;">Sam1,</span></p> <p><span style="font-family:verdana,geneva;font-size:small;">I can see how the probable benefit could be predicted by statistical models that project the future based on the past. But I would say that it would be far more difficult to predict the cost. </span></p> <p><span style="font-family:verdana,geneva;font-size:small;">Predicting the cost would be largely a matter of speculation and luck. The principle of a mandate and deadline injects a wildcard into the normal free market economics. The fact that it has already been established and accepted that the cost will exceed the benefit is evidence of that wildcard. </span></p> <p><span style="font-family:verdana,geneva;font-size:small;">But perhaps another way of looking at the unpredictability of cost is that it naturally results from the undefined endpoint of the objective and scope of the project. </span> </p>
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag
Update Reply
Join our Community!
Our community is
FREE
to join. To participate you must either login or register for an account.
Login »
Register »
Search the Community
Newsletter Sign-Up
By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our
privacy policy
More great sites from Kalmbach Media
Terms Of Use
|
Privacy Policy
|
Copyright Policy