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Article Scheduling, Estimating, Risk Management 1 December 2015

PM Network

The 20 - percent solution

By Smith, Ronald B. Most recently baselined project plans are inaccurate because they have unrealistic start dates, finish dates, work hours, costs and/or durations. Poor estimating during the planning phase is a big…
Article Risk Management, Quality Management, Estimating October 2011

PM Network

Estimating errors

By Swanson, Sandra A. Many projects have a thin margin of error to begin with, and economic pressures only complicate matters. When high-profile blunders occur, those involved find themselves in the harsh glare of the…
Article Risk Management, Program Management, Estimating May 2010

PM Network

Bolts from the blue

By Smart, Maya Payne At the core of practicing risk management is the essential truth that unforeseen events are unpredictable and therefore unknowable. Organizations can, however, establish a system that will enable…
Article Risk Management, Estimating December 2000

PM Network

Contingency, risk and ensuring quality

By Mars, Lary A. Projects delays and cost overruns are not so much the result of bad estimates as they are due to an incomplete Work Breakdown Structure (WBS) that does not initially identify all the tasks involved.…
Article Risk Management, Cost Management, Estimating September 2000

Project Management Journal

Modeling the cost of political risk in international construction projects

By Al-Tabtabai, Hashem M. | Alex, Alex P. 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…
Article Quality Management, Risk Management, Estimating March 1994

Project Management Journal

Project budgeting

By Scotto, Marie A large number of the problems managers are facing in projects can be traced directly to the use of inappropriate budgeting and management techniques on project efforts. Although the engineering and…
Article Risk Management, Estimating March 1985

Project Management Journal

Estimating project costs with regression and risk analysis

By Pentico, David W. Project managers use several types of models to develop project bids. But to develop a bid that does not underestimate project cost, project managers need to first understand the possible financial…
Article Risk Management, Cost Management, Estimating September 1983

Project Management Quarterly

Project reserves

By Murray, John W. | Ramsaur, William F. Project cost estimators have traditionally included in their calculations contingency amounts to cover the unexpected expenses resulting from uncertain risks. But such an approach does not always…
Article Risk Management, Estimating December 1978

Project Management Quarterly

Contingency

By Carrier, K. C. Traditionally, project contingencies were based on past projects. Only recently has the field introduced comprehensive statistical techniques to quantify the uncertainty of project estimates. This…

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The 20 - percent solution

Estimating errors

Bolts from the blue

Contingency, risk and ensuring quality

Modeling the cost of political risk in international construction projects

Project budgeting

Estimating project costs with regression and risk analysis

Project reserves

Contingency