Essays about: "cost overruns"

Showing result 1 - 5 of 16 essays containing the words cost overruns.

  1. 1. The road to an accurate cost estimation in engineer-to-order manufacturing - A case study of cost estimation accuracy within advanced technology development in a defence and security company

    University essay from Göteborgs universitet/Graduate School

    Author : Lawin Anwar; Sandra Barría Colliander; [2023-07-03]
    Keywords : Engineer-to-order; new product development; cost management; cost engineering; cost estimation error; cost overruns; cost estimation accuracy; project management;

    Abstract : Estimating the costs of a project is a vital part of manufacturing organisations as estimations are what set the basis for the price of the products. Precise estimates allow for effective planning and resource allocation, ensuring that the necessary materials, equipment, and personnel are available to complete the project on time and within budget. READ MORE

  2. 2. Blueprint and Beyond : Integrating BIM and LPS within Lean Construction on Production Process

    University essay from KTH/Fastigheter och byggande

    Author : Tosin Samuel Oyeniyi; [2023]
    Keywords : Last Planner System; Building information modeling BIM ; Lean construction; Last Planner System; Building information modeling BIM ; Lean construction;

    Abstract : The construction industry faces numerous challenges, such as schedule delays, cost overruns, and rework, which can impact project success and profitability. The key motivation for this report is to explore and understand the potential benefits and implications of integrating Building Information Modeling (BIM) functionalities with the Last Planner System (LPS). READ MORE

  3. 3. The Causes for Cost Overruns in Infrastructure Projects

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Yuan Tan; [2021]
    Keywords : Cost overrun; Cost estimation; Project management; Case study;

    Abstract : This thesis analyzes the underlying reasons for cost overruns in Trackside signalling projects at Bombardier Transportation focusing specifically on man-hours. Despite the increasing public, political and academic interest in the issue of cost overruns in infrastructure projects during the past decades, limitations related to data access have made it difficult to shed light on the prevalence and causes of cost overruns. READ MORE

  4. 4. Identification of the Critical Delay Factors in the Subway Tunnel Construction in Stockholm : An explanatory Study Investigating the Project Delay and its Consequences on Property Developers

    University essay from KTH/Fastigheter och byggande

    Author : Johan Staflund; Rickard Östblom; [2021]
    Keywords : Subway tunnel construction; Infrastructure projects; Delay factors; Delay classifications; Delay explanations; Byggnation av tunnelbana; infrastrukturprojekt; förseningsfaktorer; klassificering av förseningsfaktorer; definition av förseningar;

    Abstract : Stockholm is one of the fastest growing conurbations in Europe, to accommodate for the increased population and urban growth, the current subway system needs to be extended. Appropriately, a joint initiative regarding housing and infrastructure development was signed in January 2014 by the Swedish government, Stockholm County Council and the afflicted municipalities Stockholm, Solna, Nacka and Järfälla. READ MORE

  5. 5. Integration of Digital Twin and Deep Learning for facilitating Smart Planning and Construction: An Exploratory Analysis

    University essay from Jönköping University/JTH, Byggnadsteknik och belysningsvetenskap

    Author : Mergen Kor; [2021]
    Keywords : Digital Twins; Deep Learning; IoT; Decision support; Smart planning and construction; Process optimization; Construction 4.0;

    Abstract : The Architecture, Engineering, and Construction (AEC) industry is known to be overwhelmed with resource planning, risk management, and logistic challenges, resulting in design defects, project delivery delays, cost overruns, and contractual disputes. These challenges have instigated research in the application of advanced machine learning algorithms such as Deep learning (DL) to help with diagnostic and prescriptive analysis of causes and preventive measures. READ MORE