Invernizzi, DC orcid.org/0000-0001-8178-9557, Locatelli, G orcid.org/0000-0001-9986-2249 and Brookes, NJ (2018) Cost overruns – helping to define what they really mean. Proceedings of the ICE - Civil Engineering, 171 (2). pp. 85-90. ISSN 0965-089X
Abstract
Civil engineers are often in the firing line for alleged cost overruns, particularly on major publicly funded infrastructure projects. This usually occurs when the final cost of a project is simply compared with the original estimate, even though this was published a long time ago, in different circumstances and for a quite different project to the one carried out. This paper proposes a systematic approach to ensure that cost overruns, should they occur, are more accurately defined in terms of when the initial and end costs are assessed, from which point of view, at which project stage, and including scope changes and financial assumptions. The paper refers to the UK’s £163 billion nuclear decommissioning programme.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © ICE Publishing, all rights reserved. This is an author produced version of a paper published in Proceedings of the ICE - Civil Engineering. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | decommissioning; economics & finance; project management |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Engineering & Physical Sciences (Leeds) > School of Civil Engineering (Leeds) |
Funding Information: | Funder Grant number National Nuclear Laboratory Limited NNL/UA/002 |
Depositing User: | Symplectic Publications |
Date Deposited: | 10 Aug 2017 13:25 |
Last Modified: | 30 Oct 2018 01:39 |
Status: | Published |
Publisher: | Thomas Telford |
Identification Number: | 10.1680/jcien.17.00001 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:120021 |