Inaccuracy in Pipeline-Compressor-Station Construction-Cost Estimation
This paper is investigates installed cost overruns of pipeline-compressor-station projects, using data from more than 200 projects. Results of the analysis show that project size, capacity, location, and year have different impacts on individual component overruns.
Challenges of Accurate Cost Estimation for Facilities
Cost estimation for facilities depends on early concept selection and critical inputs, often complicated by uncertainty in one or more of the critical inputs. Empirical cost models and cost modeling methods using these inputs vary in degrees of scope, comprehensiveness, and robustness.
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29 August 2019