Investment Banks are Seeking Third Party Development Appraisals
A new trend is discernible among investment bankers betting on long range projects. A new emphasis on getting non-stakeholders appraisers to estimate cost and schedule. There are more inquiries for the BiPSA method to integrate such independent appraisals to a single most credible estimate. This trend follows several very disappointing investment situations where highly sophisticated economic models failed, and the failure was tracked to a very false estimate of cost to complete and time to finish. This new trend will mark a new class of winners in the investment world.