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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 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 Scheduling, Cost Management, Technical Skills, Earned Value Management February 2013
Project Management Journal
A Bayesian approach to improve estimate at completion in earned value management
By Caron, Franco | Ruggeri, Fabrizio | Merli, Alessandro Forecasting represents a core project management process. Estimates at completion in terms of cost and schedule provide essential data and advice to the project team to lead and control the project…
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Article Scheduling, Cost Management, Aerospace & Defense March 2010
Project Management Journal
Causal inferences on the cost overruns and schedule delays of large-scale U.S. federal defense and intelligence acquisition programs
By Meier, Steven R. A study was undertaken to understand why cost overruns and schedule delays have occurred and continue to occur on large-scale U.S. Department of Defense and intelligence community programs. Analysis…
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Article Scheduling, Complexity, Cost Management, Construction 1 December 2008
Project Management Journal
Analysis of the front-end loading of Alberta mega oil sands projects
By Jergeas, George Farage In Canada's northern Alberta province lies one of the world's largest hydrocarbon deposits, a source which currently generates one million barrels of oil daily and contains 175 billion barrels of…
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Article Scheduling, Cost Management, Estimating June 2003
Project Management Journal
Schedule and cost buffer sizing
By Leach, Lawrence P. 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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Article Scheduling, Cost Management December 1998
Project Management Journal
Integrated cost and schedule control
By Deng, Michael Z. M. | Hung, Y. F. Integrated cost and schedule control (C/S) was introduced in the United States more than a quarter of a century ago. However, traditional separated cost and schedule control is still one of the…
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Article Scheduling, Cost Management, Construction March 1997
Project Management Journal
The seven legal elements necessary for a successful claim for a constructive acceleration
By Jensen, Donald A. | Murphy, John D. | Craig, James The construction contracting process for a project is extremely complex. As a consequence, the process often results in contractual- related dispute that ultimately affects the design team, owner,…
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Article Scheduling, Risk Management, Cost Management December 1996
Project Management Journal
Project cost risk analysis using influence diagrams
By Diekmann, James E. | Featherman, W. David | Moody, Rhett | Molenaar, Keith | Rodriguez-Guy, Maria This paper summarizes new techniques developed in ongoing research of cost risk analysis for the U.S. Department of Energy (DOE) environmental remediation projects. This class of projects has been…
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