Managing the Cost of Power Transmission Projects: Lessons Learned
Publication: Journal of Construction Engineering and Management
Volume 139, Issue 8
Abstract
A major driver to project success is the ability to manage the project cost effectively. Despite the agreement among scholars and practitioners on the importance of managing the project cost, excessive cost overruns continue to occur on major power transmission projects. In this paper, the author, through a Delphi method, will discover problems of managing the project cost, suggest solutions to overcome these problems, and identify lessons learned from these projects. The study was conducted with two different project teams in the same organization in Canada. Key findings from this study will highlight similarities and differences between the two cases in terms of how each team managed the project cost and learned from it. The paper will contribute to the body of knowledge by identifying lessons learned from power transmission projects on how to manage the project cost and by suggesting solutions to overcome the problem of cost overrun in these projects.
Get full access to this article
View all available purchase options and get full access to this article.
References
Alberta Economic Development Authority. (2004). Mega project excellence: Preparing for Alberta’s legacy—An action plan, Alberta, Canada.
Gharaibeh, H., and Cow Falls, L. (2011). “Problems and challenges of cost control in major utility projects in Canada.” Cost Eng. J., 53(5), 14.
Gustafson, D. H., Shukla, R. K., Delbecq, A., and Walster, G. W. (1973). “A comparison study of differences in subjective likelihood estimates made by individuals, interacting groups, Delphi groups and nominal groups.” Organ. Behav. Hum. Performance, 9(2), 280–291.
Rowe, G., and Wright, G. (1999). “The Delphi technique as a forecasting tool: Issues and analysis.” Int. J. Forecasting, 15(4), 353–375.
Skulmoski, G. J., Hartman, F. T., and Krahn, J. (2007). “The Delphi study for graduate research.” J. Inf. Tech. Educ., 6, 1–21.
Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 139 • Issue 8 • August 2013
Pages: 1063 - 1067
Copyright
© 2013 American Society of Civil Engineers.
History
Received: Nov 2, 2012
Accepted: Dec 10, 2012
Published online: Dec 12, 2012
Discussion open until: May 12, 2013
Published in print: Aug 1, 2013
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.