A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
AN INTERACTIVE ALGORITHM TO EVALUATE PROJECT COST ESCALATION
The existing methods of cost control do not assist management in forecasting the attributes which might be responsible for generating potential cost escalation in line items (or cost centers) in a project. The urgent need for a method which is capable of predicting the probable project cost escalation and identifying the attributes which might be responsible for the escalation is evident from the large number of projects finishing over budget. The model presented in this paper not only assists management in predicting the probable project cose escalation, but it also identifies the risk attributes and their associated cost influence.
AN INTERACTIVE ALGORITHM TO EVALUATE PROJECT COST ESCALATION
The existing methods of cost control do not assist management in forecasting the attributes which might be responsible for generating potential cost escalation in line items (or cost centers) in a project. The urgent need for a method which is capable of predicting the probable project cost escalation and identifying the attributes which might be responsible for the escalation is evident from the large number of projects finishing over budget. The model presented in this paper not only assists management in predicting the probable project cose escalation, but it also identifies the risk attributes and their associated cost influence.
AN INTERACTIVE ALGORITHM TO EVALUATE PROJECT COST ESCALATION
Hastak, Makarand (author) / Minkarah, Issam A. (author)
Civil Engineering and Environmental Systems ; 11 ; 179-195
1994-12-01
17 pages
Article (Journal)
Electronic Resource
English
An interactive algorithm to evaluate project cost escalation
| Online Contents | 1994
Construction Project Cost Escalation Factors
| Online Contents | 2009
Cost escalation clauses required
British Library Online Contents | 2008
Forecasting construction cost escalation
| Online Contents | 1993
Accounting For Economy-Driven Project Cost Escalation: Case Study From Venezuela
| British Library Conference Proceedings | 2007