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Professional judgement and the mapping of the building project price forecasting process

By: Contributor(s): Language: English Series: RICS Foundation Research Papers ; 4(24)Publication details: London RICS Foundation 2004ISBN:
  • 1842191799
Subject(s): LOC classification:
  • 692.5
Summary: This study contributes to what is known about the building project budget price forecasting process and develops a greater understanding of the effect that judgement has on that process. The study provided evidence that building price forecasters were prone to making systematic errors of judgement when considering subject related word problems. References.

This study contributes to what is known about the building project budget price forecasting process and develops a greater understanding of the effect that judgement has on that process. The study provided evidence that building price forecasters were prone to making systematic errors of judgement when considering subject related word problems. References.