Examlex
What are some of the reasons for the high rate of failure of technology projects? What are the measures that are taken to counter project failure?
Winning Bidders
The individuals or entities that offer the highest bid in an auction and are subsequently awarded the item or contract.
Winner's Curse
A situation in which the winner of an auction ultimately overpays or incurs a loss because of overly optimistic valuation of the asset bid on.
Optimistic Estimate
A projection or forecast that assumes the most favorable conditions and outcomes for a given situation.
Bid Shading
A strategy where a bidder offers a lower price than what they are actually willing to pay, often used in auctions to acquire items at a lower price.
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