Complexities Inherent in Mega Infrastructure: The Challenges of Accurate Estimating.
Seidu, R.D, Ebohon, O., Kangwa, J., Ofori, G. and Young, B. (2021). Complexities Inherent in Mega Infrastructure: The Challenges of Accurate Estimating. Proceedings of Centre for the Integrated Delivery of the Built Environment (IDoBE) on Uncertainties in the Built Environment: How can we build a resilient future in the new normal?. . LSBU, London. UK 21 - 23 Nov 2021
|Authors||Seidu, R.D, Ebohon, O., Kangwa, J., Ofori, G. and Young, B.|
The amount of risk in mega infrastructure projects (MIPs) has undoubtedly contributed to the rising costs of MIPs and delays. Whether such projects are initially underestimated cannot be determined at the planning stage. Despite this, it is claimed that before any project risks are envisaged, the initial estimate is more often or likely to have been underestimated. An issue with underestimating MIPs can lead to many unrealistic expectations. Those expectations may lead to cost overrun which must have emanated from underestimating the risk variables that should have been covered with contingencies during the estimation stage.
|Keywords||Cost overrun, Delays, Estimation, Infrastructure, Mega Project.|
|Accepted author manuscript|
File Access Level
|22 Nov 2021|
|Publication process dates|
|Accepted||07 Oct 2021|
|Deposited||06 Jan 2022|
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