Why forecasted initial project price is lower in developing countries
Although there are various factors for the initial project price to be lower in the developing countries, poor front end loading and lack of knowledge in the scope of work can be considered as the most responsible factors for project cost estimation usually being unrealistic. This research focuses o...
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| Format: | Thesis |
| Language: | English |
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Curtin University
2015
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| Online Access: | http://hdl.handle.net/20.500.11937/1555 |
| Summary: | Although there are various factors for the initial project price to be lower in the developing countries, poor front end loading and lack of knowledge in the scope of work can be considered as the most responsible factors for project cost estimation usually being unrealistic. This research focuses on bench marking ‘similar’ projects in both developing and developed countries, their costs and will discuss how prices can potentially change throughout the project life cycle. |
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