Experiential learning in cost estimating
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.
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|Item Type:||Journal Article|
|Keywords:||Cost estimating, experience, experiential learning, feedback, accuracy, quantity surveyor, expertise|
|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 00:00|
|Last Modified:||09 Jun 2010 12:32|
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