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Alarcón, L F and Ashley, D B (1996) Modeling Project Performance for Decision Making . Journal of Construction Engineering and Management, 122(03), 265–73.
Gibson, G E, McGinnis, C I, Flanigan, W S and Wood, J E (1996) Constructability in Public Sector . Journal of Construction Engineering and Management, 122(03), 274–80.
Gransberg, D D (1996) Optimizing Haul Unit Size and Number Based on Loading Facility Characteristics . Journal of Construction Engineering and Management, 122(03), 248–53.
Hartman, F and Snelgrove, P (1996) Risk Allocation in Lump-Sum Contracts—Concept of Latent Dispute . Journal of Construction Engineering and Management, 122(03), 291–6.
Hastak, M, Halpin, D W and Vanegas, J (1996) COMPASS—New Paradigm for Project Cost Control Strategy and Planning . Journal of Construction Engineering and Management, 122(03), 254–64.
- Type: Journal Article
- Keywords:
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)0733-9364(1996)122:3(254)
- Abstract:
The need to remain competitive while generating profit requires management to develop innovative cost management strategies that will allow them to distinguish and control early-on factors that might adversely impact the cost of a project. This paper describes a decision support system, COMPASS (Cost Management Planning Support System) for project cost control strategy and planning. Throughout the life cycle of a project, COMPASS methodology assists management in evaluating the potential degree of cost escalation. It also identifies attributes such as management errors, regulatory approval, and error/rework, that might be the cause for project cost escalation. Furthermore, COMPASS assists management in formulating a cost control strategy while utilizing their experience and past project performance data. The attributes identified by the cost control strategy, if controlled, would minimize the expected loss (i.e., project cost escalation).
Ioannou, P G and Martinez, J C (1996) Comparison of Construction Alternatives Using Matched Simulation Experiments . Journal of Construction Engineering and Management, 122(03), 231–41.
Lin, K and Haas, C T (1996) An Interactive Planning Environment for Critical Operations . Journal of Construction Engineering and Management, 122(03), 212–22.
Samuels, A F and Bruder, M J (1996) Construction Representative: Scheduling and Cost Management . Journal of Construction Engineering and Management, 122(03), 281–90.
Shohet, I M and Laufer, A (1996) Exterior Cladding Methods: A Technoeconomic Analysis . Journal of Construction Engineering and Management, 122(03), 242–7.
Stager, D K (1996) Organizing and Managing a Finance-Design-Build Project in Turkey: Fourth Roebling Lecture, 1995 . Journal of Construction Engineering and Management, 122(03), 199–204.
Tiong, R L K (1996) CSFs in Competitive Tendering and Negotiation Model for BOT Projects . Journal of Construction Engineering and Management, 122(03), 205–11.
Walker, K K, Schexnayder, C, Mayo, R E and Walsh, K D (1996) Methods and Procedural Considerations in Demolishing Tall Concrete Chimneys . Journal of Construction Engineering and Management, 122(03), 223–30.