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The 5 reasons why it is important to validate Owners’ preliminary project cost estimates. EXECUTIVE SUMMARY  Only 57% of all projects finished within their initial budget last year, according to a report from the Project Management Institute (PMI)’s 2019 Pulse of the Profession survey. The survey identified inaccurate cost estimates as one of the leading causes of failure for projects that were deemed “failures” within the period of study. This survey reinforces the importance of [...]