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

C. Eden, T.M. Williams, F. Ackermann

Research output: Contribution to journalArticle

21 Citations (Scopus)

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.
LanguageEnglish
Pages135-139
Number of pages4
JournalInternational Journal of Project Management
Volume23
Issue number2
DOIs
Publication statusPublished - 2004

Fingerprint

Dynamic analysis
Dynamical systems
Computer simulation
cost
Costs
Computer systems
modeling
simulation
project
analysis
Cost overrun
System dynamics
method
litigation
Simulation modeling
Dynamic simulation
Disruption
Litigation

Keywords

  • project management
  • system dynamics
  • management theory

Cite this

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