VA CONSTRUCTION: VA Is Working to Improve Initial Project Cost Estimates, but Should Analyze Cost and Schedule Risks
Abstract
While about half of the 32 major ongoing construction projects are within their budget, 18 projects have experienced cost increases and 11 have experienced schedule delays since they were first submitted to Congress. Five projects have experienced a cost increase of over 100 percent. For example, the cost of a new medical center in Las Vegas rose from an initial estimate of $286 million to over $600 million, an increase of about 110 percent.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 2009
- Accession Number
- AD1180941
Entities
People
- Terrell Dorn
Organizations
- United States Government Accountability Office