IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-23683-7_16.html
   My bibliography  Save this book chapter

Parametric Analysis

In: Making Essential Choices with Scant Information

Author

Listed:
  • Philip Pugh

Abstract

Provision of quantitative forecasts of cost is unavoidable, even at the very earliest stages of a project. Commonly such forecasts are excessively optimistic. However, this is not inevitable. Accurate forecasts of this kind are possible, provided suitable techniques are employed. Of particular importance is the fact that the forecaster concentrates upon total costs and avoids being drawn into excessive detail. To descend prematurely into detail is to base forecasts upon what is not yet known and can only be conjectured.

Suggested Citation

  • Philip Pugh, 2009. "Parametric Analysis," Palgrave Macmillan Books, in: Terry M. Williams & Knut Samset & Kjell J. Sunnevåg (ed.), Making Essential Choices with Scant Information, chapter 16, pages 331-350, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-23683-7_16
    DOI: 10.1057/9780230236837_16
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-23683-7_16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.