Workers at the York University stop of the Spadina subway extension during a media tour in January. The project's budget has been exceeded by over a billion dollars and KPMG's report offers ideas on how to avoid that familiar phenomenon in future. The company examined nine capital projects that the TTC launched over the past decade-and-a-half and had combined initial estimated costs of $5.1 billion. Three of four smaller-scale capital projects KPMG studied also saw budgets rise above initial projections. The report, which council commissioned in March 2015, determined that the TTC is operating at a “low-standardized level of maturity” in the delivery of capital projects.

Source: thestar September 28, 2016 02:26 UTC