Evaluation of probabilistic project cost estimates
M Jørgensen, M Welde… - IEEE transactions on …, 2021 - ieeexplore.ieee.org
Evaluation of cost estimates should be fair and give incentives for accuracy. These goals, we
argue, are challenged by a lack of precision in what is meant by a cost estimate and the use …
argue, are challenged by a lack of precision in what is meant by a cost estimate and the use …
Probabilistic estimating: mathematics and applications
JE Diekmann - Journal of Construction Engineering and …, 1983 - ascelibrary.org
In response to the increased risk levels found in today's projects, project participants are
attempting to quantify project cost risk. Various detailed and conceptual estimating formats …
attempting to quantify project cost risk. Various detailed and conceptual estimating formats …
Comparative analysis of cost estimates of major public investment projects
OM Magnussen, NOE Olsson - International Journal of Project …, 2006 - Elsevier
This paper reports findings from a study of cost estimates of 31 major public investment
projects in Norway. It is aimed at analysing the development of cost estimates before the …
projects in Norway. It is aimed at analysing the development of cost estimates before the …
Probabilistic approach for budgeting in portfolio of projects
A Touran - Journal of construction engineering and management, 2010 - ascelibrary.org
This paper presents a mathematical model for calculating the budgetary impact of increasing
the required confidence level in a probabilistic risk assessment for a portfolio of projects. The …
the required confidence level in a probabilistic risk assessment for a portfolio of projects. The …
[图书][B] Project cost estimating
NJ Smith - 1995 - books.google.com
Estimates can be prepared at any stage during a project but in order to make use of an
estimate it is important to consider its purpose, the stage of the project when it was prepared …
estimate it is important to consider its purpose, the stage of the project when it was prepared …
Comparison of current probabilistic approaches for budget estimating for transportation projects
Cost overrun and schedule delays have plagued transportation projects in various parts of
the world for the past several decades. Research has shown that this is due to many …
the world for the past several decades. Research has shown that this is due to many …
[PDF][PDF] Critical Risks to Construction Cost Estimation.
The prevalence of cost overrun in project delivery suggests an acute dearth of inclusive
understanding of the effect of risks on construction cost estimation. In aberrant to the generic …
understanding of the effect of risks on construction cost estimation. In aberrant to the generic …
Quantifying variations in project-cost estimates
RM Bradley, MG Powell, MR Soulsby - Journal of Management in …, 1990 - ascelibrary.org
Traditional methods of estimating project costs do not attempt to assess the magnitude of the
variation inherent in the estimate. As a result, there is a risk that decisions on strategy …
variation inherent in the estimate. As a result, there is a risk that decisions on strategy …
Cost risk analysis based on perception of the engineering process
EB Dean, DA Wood, AA Moore, EH Bogart - 1986 - ntrs.nasa.gov
In most cost estimating applications at the NASA Langley Research Center (LaRC), it is
desirable to present predicted cost as a range of possible costs rather than a single …
desirable to present predicted cost as a range of possible costs rather than a single …
[HTML][HTML] Challenges in cost estimation under uncertainty—A case study of the decommissioning of Barsebäck Nuclear Power Plant
O Torp, OJ Klakegg - Administrative sciences, 2016 - mdpi.com
Cost estimation is an important part of project planning. Over the years different approaches
have developed, taking uncertainty into account in the cost estimation processes in order to …
have developed, taking uncertainty into account in the cost estimation processes in order to …