The Estimate Was Never the Problem

When a project loses money, the first finger always seems to point at the estimate. Of course it would, that's the easiest place to point. Mainly because the estimate is the only real number to begin with.

But it’s usually the wrong place to point. 

Just ask Stewart Bohrer, who is quick to point out that money rarely disappears during the bid. 

Where it really disappears is in everything that happens after.