Modeling economic outcomes of infrastructure projects
This study examines the predictive validity and performance drivers of various practical ways of modeling the economic outcomes of infrastructure projects.
Type of research: based on field data collected, a series of statistical modeling are carried out to test the predictive validity of various cost estimation methods and of various distribution assumptions. Further, case studies of selected infrastructure projects will be carried out to understand the critical success factors (CSF) and dynamic relationships amongst CSF and contextual factors that explain variances in the predictive validity.