Sridarran, P; Keraminiyage, K and Herszon, L (2017) Improving the cost estimates of complex projects in the project-based industries. Built Environment Project and Asset Management, 7(2), pp. 173-184. ISSN 2044-124X
Abstract
An identification of different complexity dimensions in cost estimation recognising best practices to improve cost estimation accuracy shows that risk, project and product size and time frame are the high-impact complexity dimensions on cost estimation.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | estimation; cost overrun; risk; dimensions; complex projects; project-based industries |
| Index terms: | complex project, complexity, cost estimating, estimation, project-based industry, best practice, cost overrun, accuracy, dimension, cost estimate |
| Subjects: | health monitoring assessment and metrics, financial and cost management, professional development, business, systems engineering, strategic project management, organization |
| Topics: | Business Strategy, Organizational Design, Engineering Principles, Cost Management, Health and Safety, Information Management, Project Management |
| Descriptive scope: | 2 PC |
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