Reference Class Forecasting Method in Predicting Construction Project Duration
Öz
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.
Anahtar Kelimeler
Kaynakça
- [1] Laptalı, E., Bouchlaghem, N. M., Wild, S. 1996. An Integrated Computer Model of Time and Cost Optimisation. 12th Annual ARCOM Conference, 11-13 September, Sheffield Hallam University, UK, 133-139.
- [2] Owolabi, J.D., Amusan, L.M., Oloke, C.O., Olusanya, O., Tunji- Olayeni, P., Owolabi, D., Peter, J., Omuh, I. 2014. Causes and Effect of Delay on Project Construction Delivery Time. International Journal of Education and Research, 2(4), 197-208.
- [3] Faridi, A.S., El-Sayegh, S.M. 2006. Significant Factors Causing Delay in the UAE Construction Industry. Construction Management and Economics, 24(11), 1167-1176.
- [4] Sambasivan, M., Soon, Y.W. 2007. Causes and Effects of Delays in Malaysian Construction Industry. International Journal of Project Management, 25(5), 517-526.
- [5] Fugar, F.D.K., Agyakwah-Baah, A.B. 2010. Delays in Building Construction Projects in Ghana. Australasian Journal of Construction Economics and Building, 10(1/2), 103-116.
- [6] Couto, J.P., Teixeira, J.C. 2007. The Evaluation of the Delays in the Portuguese Construction. CIB World Building Congress `Construction for Development`, 14-18 May, Cape Town, South Africa, 292-301.
- [7] Ng, T., Mak, M.M.Y., Skitmore, M., Lam, K.C., Varnam, M. 2001. The Predictive Ability of Bromilow’s Time–Cost Model. Construction Management and Economics, 19(2), 165-173.
- [8] Zujo, V., Diana, C.P., Vejzovic, A.B. 2010. Contracted Price Overrun as Contracted Construction Time Overrun Function. Technical Gazette, 17(1), 23-29.
Ayrıntılar
Birincil Dil
İngilizce
Konular
-
Bölüm
Araştırma Makalesi
Yayımlanma Tarihi
20 Eylül 2018
Gönderilme Tarihi
23 Ocak 2018
Kabul Tarihi
4 Ekim 2018
Yayımlandığı Sayı
Yıl 2018 Cilt: 22 Sayı: 3
Cited By
Time - Cost Relationships for Superstructure Projects in Turkey
Teknik Dergi
https://doi.org/10.18400/tekderg.456761Reducing risks in megaprojects: The potential of reference class forecasting
Project Leadership and Society
https://doi.org/10.1016/j.plas.2023.100103Optimizing construction duration estimation and monitoring for public building projects in Addis Ababa through an integrated deterministic and probabilistic conceptual model
Journal of Asian Architecture and Building Engineering
https://doi.org/10.1080/13467581.2025.2486744