ESTIMATING COST CONTINGENCY FOR CONSTRUCTION PROJECTS: THE CHALLENGE OF SYSTEMIC AND PROJECT SPECIFIC RISK
The challenge of poor scope definition resulting in scope creep is recognized as the major driver for construction project and cost overruns. All construction projects are associated with both systemic uncertainty and project specific uncertainty. The epistemic ambiguity in risk estimation could be...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
UJ Press
2012-08-01
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| Series: | Journal of Construction Project Management and Innovation |
| Subjects: | |
| Online Access: | https://journals.uj.ac.za/index.php/JCPMI/article/view/20 |
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