Abstract:Globally, power projects are prone to cost overrun projects. Within the body of knowledge, previous studies have paid less attention to predicting the cost overruns to assist contingency cost planning. Particularly, the thermal power plant projects (TPPPs), the enormous risks involved in their delivery undermine the accuracy of cost overrun prediction. To prevent cost overrun in thermal plant projects, these risks need to be accounted for by employing sophisticated cost overrun prediction techniques. This stud… Show more
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