Curtin University Homepage
  • Library
  • Help
    • Admin

    espace - Curtin’s institutional repository

    JavaScript is disabled for your browser. Some features of this site may not work without it.
    View Item 
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item

    Chaos Theory: Implications for Cost Overrun Research in Hydrocarbon Megaprojects

    Access Status
    Fulltext not available
    Authors
    Olaniran, O.
    Love, P.
    Edwards, D.
    Olatunji, Oluwole
    Matthews, Jane
    Date
    2017
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Olaniran, O. and Love, P. and Edwards, D. and Olatunji, O. and Matthews, J. 2017. Chaos Theory: Implications for Cost Overrun Research in Hydrocarbon Megaprojects. Journal of Construction Engineering and Management. 143 (2): 05016020-1-8.
    Source Title
    Journal of Construction Engineering and Management
    DOI
    10.1061/(ASCE)CO.1943-7862.0001227
    ISSN
    0733-9364
    School
    Department of Construction Management
    URI
    http://hdl.handle.net/20.500.11937/50132
    Collection
    • Curtin Research Publications
    Abstract

    Cost overruns are a recurrent problem in hydrocarbon (oil and gas) megaprojects. An understanding of why and how they occur is needed if they are to be mitigated; such knowledge can provide managers with the foundations to develop techniques to reduce and contain their negative impacts on a project's performance. This paper examines the nature of cost overruns in hydrocarbon megaprojects using the theoretical lens of chaos theory. The underlying principles of chaos theory are reviewed and its research implications for examining cost overruns identified. By viewing megaprojects as chaotic or dynamic systems, the industry and research community may be better positioned to develop innovative solutions to mitigate cost overrun occurrence.

    Related items

    Showing items related by title, author, creator and subject.

    • Cost Overruns in Hydrocarbon Megaprojects: A Critical Review and Implications for Research
      Olaniran, Olugbenda Jide; Love, Peter; Edwards, D.; Olatunji, Oluwole; Matthews, Jane (2015)
      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 ...
    • Causations of Failure in Megaprojects: A Case Study of the Ajaokuta Steel Plant Project
      Olatunji, Oluwole (2018)
      This paper uses project organizational theories to draw lessons from a historic megaproject, the Ajaokuta Steel Plant (ASP). Archival reports on the ASP were explored to identify the unique attributes of the project; the ...
    • Mega-project engineering-management processes: pre-planning phase evaluation for construction and mining
      Albishri, Abdulaziz Ali M (2015)
      Mega-projects internationally continue to experience time and cost overruns. Addressing the pre-planning phase has been assessed as a key requirement. This research-project presents two KSA mega-project resources case-studies ...
    Advanced search

    Browse

    Communities & CollectionsIssue DateAuthorTitleSubjectDocument TypeThis CollectionIssue DateAuthorTitleSubjectDocument Type

    My Account

    Admin

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Follow Curtin

    • 
    • 
    • 
    • 
    • 

    CRICOS Provider Code: 00301JABN: 99 143 842 569TEQSA: PRV12158

    Copyright | Disclaimer | Privacy statement | Accessibility

    Curtin would like to pay respect to the Aboriginal and Torres Strait Islander members of our community by acknowledging the traditional owners of the land on which the Perth campus is located, the Whadjuk people of the Nyungar Nation; and on our Kalgoorlie campus, the Wongutha people of the North-Eastern Goldfields.