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 (https://doi.org/10.1016/j.ijproman.2004.07.006)
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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.
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Item type: Article ID code: 4315 Dates: DateEvent2004PublishedSubjects: Social Sciences > Industries. Land use. Labor > Management. Industrial Management Department: Strathclyde Business School > Management Science
Strathclyde Business School > Strategy and OrganisationDepositing user: Strathprints Administrator Date deposited: 16 Oct 2007 Last modified: 23 May 2024 00:40 URI: https://strathprints.strath.ac.uk/id/eprint/4315