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

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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.

Creators(s): Eden, C., Williams, T.M. and Ackermann, F.;
Item type:Article
ID code:4315
Keywords:project management, system dynamics, management theory, Management. Industrial Management, Business and International Management, Management, Monitoring, Policy and Law, Management of Technology and Innovation
Subjects:Social Sciences > Industries. Land use. Labor > Management. Industrial Management
Department:Strathclyde Business School > Management Science
Strathclyde Business School > Strategy and Organisation
Depositing user: Strathprints Administrator
Date deposited:16 Oct 2007
Last modified:01 Jul 2020 00:18
URI:https://strathprints.strath.ac.uk/id/eprint/4315
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