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Experiential learning in cost estimating

Lowe, David & Skitmore, Martin (1994) Experiential learning in cost estimating. Construction Management and Economics, 12(5), pp. 423-431.

Abstract

This paper investigates experiential learning theory and the current perception of experiential factors in the accuracy of pre-tender cost prediction. It compares the preferred learning styles of a sample of experienced pre-tender cost estimators with those of novice quantity surveyors and investigates how estimators have developed as a result of their experiences. Experiential factors, those which stimulate personal development in pre-tender estimators, are considered and a mechanism to improve the accuracy of pre-tender estimates is proposed linking experiential learning theory with the introduction of feedback and self monitoring systems.

Impact and interest:

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ID Code: 4412
Item Type: Journal Article
Additional URLs:
Keywords: Cost estimating, experience, experiential learning, feedback, accuracy, quantity surveyor, expertise
ISSN: 1466-433X
Subjects: Australian and New Zealand Standard Research Classification > TECHNOLOGY (100000)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Copyright Owner: Copyright 1994 Taylor and Francis
Copyright Statement: First published in Construction Management and Economics 12(5):pp. 423-431.
Deposited On: 15 Jun 2006
Last Modified: 09 Jun 2010 22:32

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