Essays on cost overruns in infrastructure provision

Cristaudo, Rossana (2018) Essays on cost overruns in infrastructure provision. PhD thesis, Università degli Studi di Messina, Italy.

Abstract

Cost overruns are an endemic feature of transport infrastructure provision all over the world. In the last decades, a considerable amount of studies has been devoted to assessing the magnitude and determinants of cost overruns in the transportation sector. However, empirical findings are scattered among different strands of literature, ranging from the fields of construction engineering and management to that of applied economics. To shed light on the determinants of cost overruns in the execution of transport infrastructure projects, we conduct a systematic review of the empirical literature on the topic. Of the 945 articles retrieved, 26 articles published between the years 2000 and 2016 meet our inclusion criteria. For them, we describe the different empirical approaches, provide a classification of the determinants employed in the analyses and summarise their impact on cost overruns. Finally, we discuss some directions and concerns for further research in the field.

Item Type: Thesis (Doctoral)
Thesis advisor: Guccio, Calogero
Index terms: cost overrun, construction engineering, transportation sector, determinant, systematic literature review, transport infrastructure
Subjects: industry analysis, infrastructure and transport systems, research evaluation and metrics, risk assessment, financial and cost management, engineering methods
Topics: Risk Management, Cost Management, Research Practice, Engineering Principles
Descriptive scope: 3 PCE

N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here