Understanding why complex projects overrun: developing a framework for identifying and managing risks
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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.
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Aje, O.; Olatunji, Oluwole; Olalusi, O. (2017)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 when advance payments are issued ...
Ahiaga-Dagbui, D.; Smith, S.; Love, Peter; Ackermann, Fran (2015)Construction projects routinely overrun their cost estimates. A plethora of studies have thus been dedicated to investigating the root causes, sizes, distribution and nature of overruns. The causes range from a poor ...
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 ...