The underestimation of all difficulties or challenges involved could mean higher costs and longer time periods to get the job done.
The success in a project is largely dependent upon correct estimation of all factors involved like choosing the right people in a team, carefully considering essential character traits of the human personality (dependability, punctuality, efficiency, capacity for hard work, persistence when faced with difficulties) in order that a venture be completed successfully and yield the desired results.
Cost estimation in terms of human involvement requires a profound knowledge of human nature and business experience. We don''t achieve success by chance. It requires very solid efforts on the physical plane like burning the midnight oil plus utilizing the formula consisting of three major factors, such as choosing the right team for that particular project, the appropriate location (for example: drilling for oil must be at a calculated spot), and proper timing for completion. A multi million dollar movie, if released at a wrong time without regard to competition, could lose you millions and may never get you an Oscar. There are many examples of successful or failed projects. A careful analysis of a successful project reveals the points mentioned above. In fact, timing is more important than proper funding, as evidenced by Michael Moore''s documentary Fahrenheit 9/11 which became a worldwide hit. At a time, when competition is less, the chances of success increase tremendously.
The stakes in a large venture are very high. Choosing the right people, right time to start the project and right location can make the difference between success or failure.
Ostaro is a veteran media personality and has appeared hundreds of times on television, radio and in print media. A film maker, he frequently appears on radio nationally. He is the host/producer of the Ostaro Show (Time Warner and RCN Cable TV every other Fri and Sun in NYC) featuring the best in celebrity horoscopes. Listed in Who''s Who in America, he is a positive thinker and the author of the "Art & Craft of Success: 10 Steps" published by Svarg Syndicate Inc, NYC. Mr. Ostaro is a Premier Hindu Astrologer of New York City, and is a Kentucky Colonel. http://www.ostaro.com;