Download: 54. Risk-Based Cost Estimating Methods I

Created: 27 May 2015

Document Info: Paper for World Tunnel Congress 2015. Co-Author Philip Sander, Co-Author John J. Reilly, Presentation @ Dubrovnik, May 27, 2015.

Remarks: Paper, Alfred Moergeli with m+m, Philip Sander with RiskConsult Gmbh, John J. Reilly with John Reilly International.

With our publications for and at WTC15 and RETC15 we have demonstrated all necessary baselines with practical applications how to evaluate (“calculate”) schedules (milestones) and cost for any type of project with a defined reliability. And then how they may be periodically updated (“controlled”) during project execution.

We understand this approach as an internationally well-known and widely-accepted Best Practice now.
How come that so many projects are still – and until today – coming in beyond defined milestones and budgets …?