Understanding why complex projects overrun: developing a framework for identifying and managing risks
MetadataShow full item record
Despite a growing wealth of experience and knowledge concerning projects they experience cost overruns. Answering a call from leading academics for new research perspectives on projects, this thesis examines project cost overruns using a systemic modelling perspective and a case study design. The findings suggest that feedback dynamics involving loss of client trust; delay triggers such as design changes; and contextual conditions such as human resource policies, form a complex system that can induce overruns.
Showing items related by title, author, creator and subject.
Aje, O.; Olatunji, Oluwole; Olalusi, O. (2017)© 2017, © Emerald Publishing Limited.Purpose: Evidence suggests project owners could use advance payments to prevent cost escalations. The purpose of this paper is to elicit the relationships between causations of overruns ...
Aje, O.; Olatunji, Oluwole; Olalusi, O. (2016)Evidence suggests project owners could use advance payments to prevent cost escalations. This study it aims to elicit the relationships between causations of overruns when advance payments are issued to contractors. 97 ...
Eden, C.; Ackermann, Fran; Williams, T. (2005)In the public arena, we often hear about projects that have suffered massive cost overruns. Often they are related to large public construction projects such as airports, bridges, or public buildings. Large overruns also ...