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dc.contributor.authorOlaniran, Olugbenda Jide
dc.contributor.authorLove, Peter
dc.contributor.authorEdwards, D.
dc.contributor.authorOlatunji, Oluwole
dc.contributor.authorMatthews, Jane
dc.identifier.citationOlaniran, O. and Love, P. and Edwards, D. and Olatunji, O. and Matthews, J. 2015. Cost Overruns in Hydrocarbon Megaprojects: A Critical Review and Implications for Research. International Journal of Construction Project Management. 46 (6): pp. 126-138.

Cost overruns are prevalent in hydrocarbon (oil and gas) megaprojects. A recent report indicates that 64% of ongoing megaprojects globally are facing cost overruns. Despite their increasing occurrence, there has been limited published research in the mainstream literature that has specifically examined why and how they occur. Consequently, suggestions regarding how to constructively address cost overruns in hydrocarbon megaprojects are scant. To better understand the causal nature of cost overruns in hydrocarbon megaprojects, this article provides a critical review of the extant literature. Findings from the research indicate that complex interactions between project characteristics, people, technology, and structure and culture contribute to cost overruns occurring. As a result, it is suggested that chaos theory can be used to explain how cost overruns arise in hydrocarbon megaprojects. This article provides a reference point for engendering future research in this pervasive and fertile area.

dc.publisherProject Management Institute
dc.titleCost Overruns in Hydrocarbon Megaprojects: A Critical Review and Implications for Research
dc.typeJournal Article
dcterms.source.titleInternational Journal of Construction Project Management
curtin.departmentDepartment of Construction Management
curtin.accessStatusFulltext not available

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