Investment decisions, and the Economic Rates of Returns informing them, should be based on final design cost estimates. Prior cost estimates and designs based on pre-feasibility studies often led to overly risky investment decisions.
Lesson Learned
Lesson Learned
Investment decisions, and the Economic Rates of Returns informing them, should be based on final design cost estimates. Prior cost estimates and designs based on pre-feasibility studies often led to overly risky investment decisions.