Construction projects are influenced by a range of factors that impact upon final project cost.
Estimate at Completion (EAC) is an important approach used to estimate final project cost,
which takes into consideration probable project performance and risks. EAC helps project
managers identify potential but still unknown problems and adopt response strategies. This
study constructed an evolutionary EAC model to generate project cost estimates that proved
significantly more reliable than estimates achievable using currently prevailing formulae …

Construction projects are complex and risky because there are so many variables that may
affect their profitability especially in terms of their cost and schedule. The information
provided by the measurement of progress, the expended dollars and the forecasting of the
outcome of a construction project will provide valuable information as to how to proceed, the
impacts, corrective action required, and the trade-offs necessary to maximize profits and
minimize risk. This study focused on using different indicators to measure the schedule …