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• W2086892666 abstract "Proper budgeting and cost control are essential efforts for a successful project. The task has been conventionally supported by sophisticated project cost estimation from a production perspective. However, from a transaction cost perspective, the alliance risks with inter-organizational partners in joint venture (JV) projects should always be considered for budgeting. Aiming to assess the risks of a JV project, this paper proposes a transaction cost incorporated budgeting model with multi-criteria utility analysis. A case study is presented to demonstrate the applications of the proposed model which would help project managers to identify a proper risk contingency for practical project budgeting in construction JVs. The rationale of estimating the alliance risks with different partners is also enhanced by the proposed model." @default.
• W2086892666 created "2016-06-24" @default.
• W2086892666 creator A5053056697 @default.
• W2086892666 date "2011-05-01" @default.
• W2086892666 modified "2023-09-27" @default.
• W2086892666 title "Risk Assessment and Transaction Cost Incorporated Budgeting for Construction Joint Ventures" @default.
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• W2086892666 doi "https://doi.org/10.4028/www.scientific.net/amr.255-260.3878" @default.
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