PROJECT APPRAISAL BY COST MODEL

Abstract

The risk of delay in commissioning is rarely considered during feasibility studies for a capital project, and the results of such studies are rarely updated during the construction phase. Consequently project managers are deprived of reliable data relating to the project as a whole upon which they might base their decisions.

Citation

Thompson, P.A. and Whitman, J.D. (1973), "PROJECT APPRAISAL BY COST MODEL", Management Decision, Vol. 11 No. 5, pp. 301-308. https://doi.org/10.1108/eb001029