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    Discovery Projects - Grant ID: DP160102882

    Funder
    Australian Research Council
    Funding Amount
    $450,000.00
    Summary
    Future Proofing Transportation Infrastructure Assets. This project seeks to develop a model to predict construction project overruns. Transportation infrastructure assets are prone to cost and schedule overruns during their construction, which have negative impacts on asset owners and users. This project aims to develop a systemic model that can be used to determine the causal nature of cost and schedule overruns and their probability of occurrence. By enabling the predication of overruns, the p .... Future Proofing Transportation Infrastructure Assets. This project seeks to develop a model to predict construction project overruns. Transportation infrastructure assets are prone to cost and schedule overruns during their construction, which have negative impacts on asset owners and users. This project aims to develop a systemic model that can be used to determine the causal nature of cost and schedule overruns and their probability of occurrence. By enabling the predication of overruns, the project aims to ensure that the public and private sector are able to put in place mitigation strategies to reduce the impact of the economic and productivity issues that arise due to overruns.
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