Jump directly to the content

sermon illustrations

home > find sermon illustrations

sermon illustration

Failure to Count the Cost in Building Projects

Average Rating:  [see ratings/reviews]

Apparently many people don't know how to count the cost for their building projects. That's why cost overruns, which stem from "an underestimation of the actual cost during budgeting," are notoriously common. Here are some famous cost overruns:

  • The Suez Canal cost 20 times as much as the earliest estimates.
  • The Sydney Opera House cost 15 times more than was originally projected.
  • The Concorde supersonic airplane cost 12 times more than predicted.
  • When Boston's "Big Dig" tunnel construction project was completed, the project was 275 percent ($11 billion) over budget.
  • The Channel Tunnel between the UK and France had a construction cost overrun of 80 percent, and a 140-percent financing cost overrun.

A study of cost overruns published in the Journal of the American Planning Association found that 9 out of ten construction projects had underestimated costs. Overruns of 50 to one hundred percent were also common. Another group studied IT projects and also found that the average cost overrun was 43 percent. This study also found that 70 percent of the projects were over budget, exceeded time estimates, and had estimated too narrow a scope.

rating & reviews

Average User Rating:

No comments

Review and Rate this Article: *

Low

High

1000 character limit

* Comments may be edited for tone and clarity.

related sermon illustrations

Companies Use "Click Farms" to Get Followers

Twitter, the social media platform where users compose messages of 140 characters or less, now hosts an impressive one billion user accounts. Of course, whether half that many people ...

[ read more ]

John Coltrane Learns Music Through Practice and Apprenticeship

According to theologian Steven R. Guthrie, John Coltrane is one of a handful of musicians (including other greats like Louis Armstrong, Charlie Parker, and Miles Davis) who defined ...

[ read more ]

more sermon illustrations ...

related videos

There are currently no related videos.

more videos ...

editor's update

Matt Woodley

Uncovering the Big Lie of Ministry

August 18, 2014

archives | read more ...