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Birnie, J and Yates, A (1991) Cost prediction using decision/risk analysis methodologies. Construction Management and Economics, 9(02), 171-86.

Fellows, R F (1991) Escalation management: forecasting the effects of inflation on building projects. Construction Management and Economics, 9(02), 187-204.

Ibbs, W C (1991) Innovative contract incentive features for construction. Construction Management and Economics, 9(02), 157-69.

Khosrowshahi, F (1991) Simulation of expenditure patterns of construction projects. Construction Management and Economics, 9(02), 113-32.

  • Type: Journal Article
  • Keywords: cash-flow forecasting; growth curve; mathematical modelling; project management
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446199100000011
  • Abstract:

    The existing models fro project budgeting and forecasting are either alienating to the user, or involve a laborious process of preparation. This is mainly due to the structure of the model, which itself is determined by the approach adopted in developing the model. In this paper, a new approach to model development based on the analysis and examination of the shape of the pattern of project expenditure is described and contrasted with the approaches that have been adopted so far. Also, the procedure for the generation of a model based on the new approach to model development is outlined. This is an attempt to overcome many of the shortcoming associated with the current models, by building on the many advantages features of these models. It is anticipated that the approach adopted and the accompanying mathematical model can facilitate the provision of a balanced combination of ease of application, user involvement and user comprehension.

Newton, S (1991) An agenda for cost modelling research. Construction Management and Economics, 9(02), 97-112.

Ogunlana, S O (1991) Learning from experience in design cost estimating. Construction Management and Economics, 9(02), 133-50.

Singh, S (1991) Cost estimation of prestressed concrete beam and reinforced concrete slab construction. Construction Management and Economics, 9(02), 205-15.

Srinivasan, R and Harris, F C (1991) Lane rental contracting. Construction Management and Economics, 9(02), 151-5.