Picture of two heads

Open Access research that challenges the mind...

The Strathprints institutional repository is a digital archive of University of Strathclyde research outputs. Strathprints provides access to thousands of Open Access research papers by University of Strathclyde researchers, including those from the School of Psychological Sciences & Health - but also papers by researchers based within the Faculties of Science, Engineering, Humanities & Social Sciences, and from the Strathclyde Business School.

Discover more...

Analysing project costs overruns: Comparing the 'measured mile' analysis and system dynamics modellings

Eden, C. and Williams, T.M. and Ackermann, F. (2004) Analysing project costs overruns: Comparing the 'measured mile' analysis and system dynamics modellings. International Journal of Project Management, 23 (2). pp. 135-139. ISSN 0263-7863

Full text not available in this repository. (Request a copy from the Strathclyde author)

Abstract

The forensic analysis of failed projects is often intended to identify specific reasons and allocate blame for significant cost overruns. In claim circumstances two approaches are often used: the "measured mile", and system dynamics simulation modelling. This note compares these approaches and argues that, although it is the most popular approach in litigation, the measured mile method is unreliable in cases where disruptions and delays are a significant part of the explanation for additional costs and late delivery of a project.