A Bayesian approach for forecasting errors of budget cost estimates
Accurate estimation of budget costs is critical for effective management of construction projects. The performance of various management functions is dependent on the accuracy of the estimates throughout the construction phase. These estimates, however, inevitably involve a considerable amount of e...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2016-03-01
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| Series: | Journal of Civil Engineering and Management |
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| Online Access: | http://journals.vgtu.lt/index.php/JCEM/article/view/1288 |