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dc.contributor.authorOlaniran, O.
dc.contributor.authorLove, P.
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. 2017. Chaos Theory: Implications for Cost Overrun Research in Hydrocarbon Megaprojects. Journal of Construction Engineering and Management. 143 (2): 05016020-1-8.

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.

dc.publisherAmerican Society of Civil Engineers
dc.titleChaos Theory: Implications for Cost Overrun Research in Hydrocarbon Megaprojects
dc.typeJournal Article
dcterms.source.titleJournal of Construction Engineering and Management
curtin.departmentDepartment of Construction Management
curtin.accessStatusFulltext not available

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