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Rethinking construction cost overruns: cognition, learning and estimation
journal contributionposted on 2014-01-01, 00:00 authored by Dominic Doe Ahiaga-DagbuiDominic Doe Ahiaga-Dagbui, S D Smith
Drawing on mainstream arguments in the literature, the paper presents a coherent and holistic view on the causes of cost overruns, and the dynamics between cognitive dispositions, learning and estimation. A cost prediction model has also been developed using data mining for estimating final cost of projects. The paper aims to discuss these issues.