Assess to what extent either conventional cost planning techniques or other approaches may be used to identify the type of project particularly prone to cost escalation and how to mitigate the impacts.

Description

Write a report discussing the extent of cost escalation in construction projects throughout the world. Use examples from live projects, either literature or from experience to illustrate the various causes and trigger mechanisms for cost escalation.

Assess to what extent either conventional cost planning techniques or other approaches may be used to identify the type of project particularly prone to cost escalation and how to mitigate the impacts.