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1-8 of 8 results
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Project Management Journal
Schedule and cost buffer sizing
Bias in project performance causes schedule and cost to overrun baseline estimates (your model).Bias is the one-sided tendency of actual schedule or cost to overrun the model.A Guide to the Project…
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Project Management Journal
Cost estimation overruns in the North Sea
Recently, a Norwegian government report on the cost overruns North Sea projects was presented (NOU 1999:11). It concluded that there was a 25% increase in development costs from project sanction…
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Project Management Journal
Modeling the cost of political risk in international construction projects
This paper describes a neural network model that can provide assistance in predicting the additional increase in project cost, due to political risk source variables affecting a construction project…
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Project Management Journal
Evaluation of models for forecasting the final cost of a project
This paper addresses how to estimate the final cost of a project and when the estimate becomes accurate. The performance of five forecasting models drawn from literature was evaluated with data from…
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Project Management Journal
Method for verifying project cost performance
Calculating and forcasting project costs is an important, yet complicated aspect of project control.This paper describes an audit method to aid project managers in monitoring the…
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Project Management Journal
Commercially available cost estimating software systems
Finding an appropriate cost-estimating software system is often as difficult and time-consuming an endeavor as realizing a project. This article takes on this challenge. In doing so, it discusses…
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Project Management Journal
The elusive budgeted cost of work performed for research and development projects
Budgeted cost of work performed (BCWP) can function--theoretically, at least--as a powerful tool for making budget forecasts. But although it plays an important role in monitoring the cost of work…
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Project Management Journal
Project management cost estimate
Because cost constraints are highly scrutinized throughout the project life cycle, project managers need cost estimates they can use as the project's cost baseline. This article describes the…
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