The National Academies Press

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Pages 130-134

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From page 130... ... 122 CHAPTER 8 CONCLUSIONS AND RECOMMENDATIONS Cost escalation that occur over the course of project development constitute the major research problem that this project has addressed. This problem is manifested in cost estimation practice and cost estimation management approaches that do not promote consistency and accuracy of cost estimates over the project development process. Read the entire page →
From page 131... ... 123 • Within some SHAs a variety of approaches to estimation often exist, thereby, creating a lack of consistency in preparing estimates, particularly as the responsibility passes between groups during development stages. • Planning and design personnel have primary responsibility for performing project development work. Read the entire page →
From page 132... ... 124 Specific Issue Areas • Contingency is typically applied to SHA cost estimates but its application is still considered problematic. Very often the specific aspects of contingency dollars are not define -- what do the dollars cover, they cannot be use later to add items to the project. Read the entire page →
From page 133... ... 125 Challenging the status quo and creating a cultural change requires leadership and mentoring to ensure that all steps in the cost estimation management and cost estimation practice are performed. Developing a systems perspective requires organizational perspective and vision to integrate cost estimation management and cost estimation practice throughout the project development process. Read the entire page →
From page 134... ... 126 10. Protect estimators from internal and external pressures to provide low cost estimates. Read the entire page →

From page 130...

... 122 CHAPTER 8 CONCLUSIONS AND RECOMMENDATIONS Cost escalation that occur over the course of project development constitute the major research problem that this project has addressed. This problem is manifested in cost estimation practice and cost estimation management approaches that do not promote consistency and accuracy of cost estimates over the project development process.

Read the entire page →

From page 131...

... 123 • Within some SHAs a variety of approaches to estimation often exist, thereby, creating a lack of consistency in preparing estimates, particularly as the responsibility passes between groups during development stages. • Planning and design personnel have primary responsibility for performing project development work.

Read the entire page →

From page 132...

... 124 Specific Issue Areas • Contingency is typically applied to SHA cost estimates but its application is still considered problematic. Very often the specific aspects of contingency dollars are not define -- what do the dollars cover, they cannot be use later to add items to the project.

Read the entire page →

From page 133...

... 125 Challenging the status quo and creating a cultural change requires leadership and mentoring to ensure that all steps in the cost estimation management and cost estimation practice are performed. Developing a systems perspective requires organizational perspective and vision to integrate cost estimation management and cost estimation practice throughout the project development process.

Read the entire page →

From page 134...

... 126 10. Protect estimators from internal and external pressures to provide low cost estimates.

Read the entire page →

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