Cost and schedule risks

We all know that megaprojects including hydroelectric ones are subject to Cost and schedule risks. Experts recently confirmed this to the Commission of Inquiry Respecting the Muskrat Falls Hydroelectric Project. They said it is common for such projects to evolve with understated early cost estimates. That was the conclusion of a report which looks at 274 hydro dam projects around the world, including projects in Canada. Reportedly this is the largest academic data set of its kind in the world.…

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