Time and cost securing in complex large-scale projects |
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| Authors: | Rudolf Habison |
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| Affiliation: | Österreichisches für Projekt-Management, c/o Institut für Arbeits-und Betriebswissenschaften der Technischen Universität Wien, Theresianumg 27, A-1040 Wien 4, Austria |
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| Abstract: | Meeting time and cost objectives in complex projects involves specific problems and risks. An attempt is made to analyse the components of total cost increase of a project caused by time delay. An outline is given as to how these considerations can be used to estimate cost increases in investors' decision situations as well as to ascertain fair contractual penalties and claims for compensation and for the evaluation of justified project acceleration costs. |
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| Keywords: | estimation decision-making project management risk evaluation |
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