Conceptually, there are three major types of estimating error–quantity errors, rate errors and errors of omission. Most companies underestimate how much these errors are costing them and fall victim to “winner’s curse.”
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“As the result of the project, we have a less complicated and more effective organization structure…. Process improvement efforts addressed both the new product development and sales processes…. Most importantly, has been the behavioural change brought forth … managers and especially the need for commitment and accountability for their actions…. [MRSI] didn’t just tell us what to do, they helped us implement solutions.”
-Vince Green, President, Adwel International Limited
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