Article2000

Evaluation of Models for Forecasting the Final Cost of a Project

Ofer Zwikael · Shlomo Globerson · Tzvi Raz

86 citations0/0 files storedProject Management Journal

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Construction Project Management and Performance Forecasting Techniques and Applications Capital Investment and Risk Analysis

Abstract

This paper addresses how to estimate the final cost of a project and when the estimate becomes accurate. The performance of five forecasting models drawn from literature was evaluated with data from a sample of actual projects. A stability analysis was carried out in order to identify when the forecasts become stable and accurate for the model that emerged as the most accurate.

Citations in this library

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References

1994Project management: engineering, technology, and implementation

Cited by

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