I was sent this article from the West Australian about cost blowouts in the mining game.
https://thewest.com.au/business/min...rs-failure-to-deliver-on-budget-ng-b88833046z
lots of reasons but the most interesting to me was the bit at the end where he talks about
“Pressure to advance a feasibility stage project to construction far outweighs the pressure to get the costs right,” Haubrich said.
“Once management decides they believe a project is viable, it is hard to change their minds (probably because they don’t have any better options).”
Comments??
Ego causes cost blowouts
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