Research Article

Reference Class Forecasting Method in Predicting Construction Project Duration

Volume: 22 Number: 3 September 20, 2018
TR EN

Reference Class Forecasting Method in Predicting Construction Project Duration

Abstract

Project delay is a global problem affecting construction and other industries in many countries. Its impact on planning and budgeting can be serious for all stakeholders involved and difficult to resolve. The purpose of this study is to analyze the reliability of duration estimates of public building projects based on actual duration of similar projects carried out in the past.Turkey is used as a case study for this purpose and data from 643 public building projects completed in Turkey were collected. The data include contract durations, actual durations as well as the total construction areas for all projects. Reference Class Forecasting (RCF) method is proposed and used to investigate whether it would be possible to produce reliable and realistic project duration forecasts based on such data. RCF can realistically predict the actual final duration of the projects of different reference classes for various levels of acceptable risks. Original estimates of the contract durations in Turkey are generally optimistic or underestimated. Government buildings with the highest average construction area required lower uplift values on the estimated durations to produce accurate and realistic forecasts.So far the RCF method has been broadly applied to predict project cost rather than duration. This paper describes it use for forecasting duration in building projects.

Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Saad Al-jıbourı This is me
The Netherlands

Publication Date

September 20, 2018

Submission Date

January 23, 2018

Acceptance Date

October 4, 2018

Published in Issue

Year 2018 Volume: 22 Number: 3

APA
Bayram, S., & Al-jıbourı, S. (2018). Reference Class Forecasting Method in Predicting Construction Project Duration. Süleyman Demirel Üniversitesi Fen Bilimleri Enstitüsü Dergisi, 22(3), 1132-1142. https://doi.org/10.19113/sdufenbed.469288
AMA
1.Bayram S, Al-jıbourı S. Reference Class Forecasting Method in Predicting Construction Project Duration. J. Nat. Appl. Sci. 2018;22(3):1132-1142. doi:10.19113/sdufenbed.469288
Chicago
Bayram, Savaş, and Saad Al-jıbourı. 2018. “Reference Class Forecasting Method in Predicting Construction Project Duration”. Süleyman Demirel Üniversitesi Fen Bilimleri Enstitüsü Dergisi 22 (3): 1132-42. https://doi.org/10.19113/sdufenbed.469288.
EndNote
Bayram S, Al-jıbourı S (September 1, 2018) Reference Class Forecasting Method in Predicting Construction Project Duration. Süleyman Demirel Üniversitesi Fen Bilimleri Enstitüsü Dergisi 22 3 1132–1142.
IEEE
[1]S. Bayram and S. Al-jıbourı, “Reference Class Forecasting Method in Predicting Construction Project Duration”, J. Nat. Appl. Sci., vol. 22, no. 3, pp. 1132–1142, Sept. 2018, doi: 10.19113/sdufenbed.469288.
ISNAD
Bayram, Savaş - Al-jıbourı, Saad. “Reference Class Forecasting Method in Predicting Construction Project Duration”. Süleyman Demirel Üniversitesi Fen Bilimleri Enstitüsü Dergisi 22/3 (September 1, 2018): 1132-1142. https://doi.org/10.19113/sdufenbed.469288.
JAMA
1.Bayram S, Al-jıbourı S. Reference Class Forecasting Method in Predicting Construction Project Duration. J. Nat. Appl. Sci. 2018;22:1132–1142.
MLA
Bayram, Savaş, and Saad Al-jıbourı. “Reference Class Forecasting Method in Predicting Construction Project Duration”. Süleyman Demirel Üniversitesi Fen Bilimleri Enstitüsü Dergisi, vol. 22, no. 3, Sept. 2018, pp. 1132-4, doi:10.19113/sdufenbed.469288.
Vancouver
1.Savaş Bayram, Saad Al-jıbourı. Reference Class Forecasting Method in Predicting Construction Project Duration. J. Nat. Appl. Sci. 2018 Sep. 1;22(3):1132-4. doi:10.19113/sdufenbed.469288

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