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What is Budget Variability in Road Projects about?

This document summarizes a research paper that investigates the scale of cost overruns on construction projects, specifically road projects. The researchers aim to characterize typical levels of cost escalation and understand the factors contributing to overruns, in order to establish more accurate project cost estimates and contingency budgets. They define cost overrun as additional costs beyond the planned estimated cost of a project. The study uses data from completed road projects to develop a generic f

Author

Aman Belay

Language

EN