"The accuracy of estimates is a function of the stage of development (i.e. estimates improve as development of the item progress). This also means that estimates for development projects representing only 'modest advances' tend to be better than for more ambitious projects."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
A. W. Marshall and W. H. Meckling, "Predictability of the Cost, Time and Success of Development," Report P-1821 (Santa Monica, Calif.: RAND Corporation, December 1959). p. 2: Cited in: Derek Bosworth (2005) Determinants of enterprise performance. p. 334
https://en.wikiquote.org/wiki/Project_management
Revision History
No revisions have been submitted for this quote.
Categories
Project management
34 quotes on TrueQuotesView all quotes by Project management →
Related Quotes
"You will find your vocation where your talents meet opportunity."
"Excellent actions must be good in themselves and good and noble."
"For the things we have to learn before we can do them, we learn by doing them."
"Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but…"
"Probable impossibilities have to be preferred to improbable possibilities."
"For the beginning is thought to be more than half the whole."
"Project engineering is the business of building plants — from the preliminary study through the design, procurement, …"
"Project management is becoming more important as equipment, systems, and projects become more complex."
"The classical vertical arrangement for project management is characterized by an inherent self-sufficiency of operati…"
"Well begun is half done"