Learning from experience in design cost estimating

Ogunlana, O (1991) Learning from experience in design cost estimating. Construction Management and Economics, 9(2), pp. 133-150. ISSN 01446193

Abstract

The underlying reasons responsible for failure to learn in design cost estimating are considered. A model for aiding learning from experience in design cost estimating practice is presented. Analysis of historical cost data from seven UK design offices show that learning through the use of feedback data is insufficient.

Item Type: Article
Uncontrolled Keywords: accuracy; asterisk; design cost estimating; development; experience; feedback; learning; stable
Index terms: historical cost data, estimating, design cost, accuracy
Subjects: financial and cost management, economics, professional development, economic analysis
Topics: Information Management, Cost Management, Business Strategy
Descriptive scope: 2 PC

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