Risk and Uncertainty in the Cost Contingency of Transport Projects: Accommodating Bias or Heuristics, or Both?

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Risk and Uncertainty in the Cost Contingency of Transport Projects: Accommodating Bias or Heuristics, or Both?

Transport projects are regularly subjected to cost misperformance. The contingency set aside to cover any increases in cost due to risk and uncertainty issues is often insufficient. We review approaches that have been used to estimate a cost contingency. We show that some approaches such as referenc...

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Bibliographic Details
Main Authors:	Love, Peter, Ika, L.A., Matthews, Jane, Fang, Weili
Format:	Journal Article
Published:	2021
Online Access:	http://purl.org/au-research/grants/arc/DP160102882 http://hdl.handle.net/20.500.11937/90130

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