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Article Innovation, Scheduling, Strategy, Cost Management, Organizational Project Management, Construction 1 April 2019
Project Management Journal
Determining Contingencies in the Management of Construction Projects
By Ortiz, José I. | Pellicer, Eugenio | Molenaar, Keith R. This research describes the managerial approaches that contractors follow to determine different types of contingencies in construction project management. Two large Spanish general contractors were…
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Article Risk Management, Cost Management, Government 1 April 2019
Project Management Journal
Public-Private Partnerships
By Solheim-Kile, Espen | Lædre, Ola | Lohne, Jardar Public-private partnerships (PPPs) have been subjected to considerable public debate. In particular, this debate has concerned PPP financing and its implications. Using insights from agency theory,…
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Article Cost Management, Risk Management 1 February 2019
Project Management Journal
Improving Project Budget Estimation Accuracy and Precision by Analyzing Reserves for Both Identified and Unidentified Risks
By Kwon, Hyukchun | Kang, Chang W. Project risk is a critical factor in estimating project budget. Previous studies on this topic have only addressed estimation methods that consider project budget reserves against identified risks.…
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Article Cost Management, Resource Management, Procurement Management 1 October 2018
Project Management Journal
Cash Flow Management of Construction Projects in Saudi Arabia
By Shash, Ali A. | Al Qarra, Abdulaziz Cash flow management entails forecasting, monitoring, and controlling practices of the cash inflow and outflow and arrangement of deficits over a project's duration. This article reveals, through a…
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Article Cost Management, Construction 1 August 2017
Project Management Journal
Green Building Construction Projects In Singapore
By Hwang, Bon-Gang | Zhu, Lei | Wang, Yinglin | Cheong, Xinyi This study aims to investigate the cost premiums and cost performance of green building projects. After an extensive literature review, relevant data from 242 traditional and 121 green building…
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Article Cost Management 1 April 2017
Project Management Journal
Toward a Systemic View to Cost Overrun Causation in Infrastructure Projects
By Ahiaga-Dagbui, Dominic D. | Love, Peter E. D. | Smith, Simon | Ackermann, Fran Infrastructure cost overruns receive a significant amount of attention in the academic literature as well as the popular press. The methodological weaknesses in the dominant approaches adopted to…
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Article Complexity, Cost Management, Governance, Government 1 April 2017
Project Management Journal
Special Purpose Entities in Megaprojects
By Sainati, Tristano | Brookes, Naomi J. | Locatelli, Giorgio Megaprojects involve organizations called "Special Purpose Entities" (SPEs) also known as "special purpose vehicles." Despite their relevance, particularly for governance, SPEs are…
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Article Scope Management, Scheduling, Cost Management, Earned Value Management 1 October 2016
Project Management Journal
Practical Application and Empirical Evaluation of Reference Class Forecasting for Project Management
By Batselier, Jordy | Vanhoucke, Mario Traditionally, project managers produce cost and time forecasts by predicting the future course of specific events. In contrast, reference class forecasting (RCF) bypasses human judgment by basing…
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Article Scheduling, Cost Management, Complexity 1 August 2016
Project Management Journal
A study on complexity and uncertainty perception and solution strategies for the time/cost trade-off problem
By Wauters, Mathieu | Vanhoucke, Mario In this article, the Discrete Time/Cost Tradeoff Problem (DTCTP) is revisited in light of a student experiment. Two solution strategies are distilled from the data of 444 participants and are…
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Article Complexity, Cost Management 1 December 2015
Project Management Journal
Developing a cost overrun predictive model for complex systems development projects
By Adoko, Moses T. | Mazzuchi, Thomas A. | Sarkani, Shahram While system complexity is on the rise across many product lines, the resources required to successfully design and implement complex systems remain constrained. Because financiers of complex…
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