Optimism Bias

LEADER APPROACH (L.E.A.D.E.R)

Leadership in Civil Engineering Project Management To well manage construction projects, it is essential to have information on modern management and develop a clear understanding of the construction and design process. Construction projects have a particular set of targets and limitations, for example, an expected period for fulfilment. While the institutional courses of action or…

Read More

Rehabilitation of abandoned railways challenges from the civil engineering point of view, cost pressure as estimation of the costs, risks associated, and their opportunities in UK

Abandoned Railway Tracks These are the railway tracks that has not been under usage since long time due to certain reasons, we can say these railway tracks are disused railway tracks or closed railway tracks due to their not usage since long time. Challenges Behind Rehabilitation of abandoned railways w.r.t civil engineering in UK market…

Read More

Use, abuse, and misuse of optimism bias in civil engineering, how to avoid it.

Estimate, Estimation, Civil Engineering, Cost Management, Whole Life Cycle Costing, Optimism Bias Optimism bias is the inclination of people to anticipate better compared to average results from their activities. Basically, Optimism bias in construction projects is the inclination, unknowingly or intentionally, to exaggerate anticipated advantages and minimize the degree of intricacy of the project bringing…

Read More

Why cost management, and estimation, is really important in the gig era?

Nowadays everything is at a click distance; you can buy a car and get it delivered at home. This happened before the pandemic, so gig economy was even before COVID-19 a now way to do business. Now you go on freelancing platform, you can buy services from anywhere in the world, at a great price…

Read More

In-house vs Consultancy: Is there a best approach?

There is a constant need for expertise within infrastructure development. It can the driving force between a fledgeling idea and successful implementation. Often, an organisation can tap into it’s the existing staff, utilising their in-house knowledge and understanding of the business, calling upon their prior expertise in order to see a project through to completion….

Read More