5-4. Why Project Budgets Change

Several factors can cause changes to projects and their budgets:

  1. Errors made by cost estimator about how to achieve tasks.
  2. New knowledge about the nature of the performance goal or setting.
  3. A mandate.
  4. Changes in resource prices
  5. Waste and spoilage of materials
  6. Team-member turnover
  7. Changes in organizational climate
  8. General economic factors