Project Phases
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Benchmarking Cost Overruns in Transportation Infrastructure Investments
Abstract: Highway projects have historically experienced significant cost overruns, with front end implications for the sustainability of transportation investments. However, the criteria for assessing cost overruns continues to elicit diverse opinions and has become a debatable issue in the literature. Some studies allude to detailed design stage estimates, while others tag conceptual stage estimates, as the ideal benchmark for quantifying the project cost deviations. A survey of the literature, principally from …
Published in Trends in Transport Engineering and Applications · Vol. 7, Issue 2, 2020 · pp. 29–37 Read article