Rethinking construction cost overruns: cognition, learning and estimation

Volume: 19, Issue: 1, Pages: 38 - 54
Published: Apr 7, 2014
Abstract
Purpose – Drawing on mainstream arguments in the literature, the paper presents a coherent and holistic view on the causes of cost overruns, and the dynamics between cognitive dispositions, learning and estimation. A cost prediction model has also been developed using data mining for estimating final cost of projects. The paper aims to discuss these issues. Design/methodology/approach – A mixed-method approach was adopted: a qualitative...
Paper Details
Title
Rethinking construction cost overruns: cognition, learning and estimation
Published Date
Apr 7, 2014
Volume
19
Issue
1
Pages
38 - 54
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