OPTIMISTIC BIAS IN TIME AND COST ESTIMATION FOR SOLAR POWER PLANT PROJECT

Utomo, B.W. (2018) OPTIMISTIC BIAS IN TIME AND COST ESTIMATION FOR SOLAR POWER PLANT PROJECT. In: Prosiding Seminar Nasional Teknologi Informasi dan Kedirgantaraan : Transformasi Teknologi untuk Mendukung Ketahanan Nasional. Pusat Penelitian,dan Pengabdian kepada Masyarakat (P3M) Sekolah Tinggi Teknologi Adisutjipto Yogyakarta, Yogyakarta. ISBN ISBN 978-602-52742-0-6

PDF 223-1029-1-PB.pdf - Published Version Download (496kB)

Abstract

Industrial environment has seen from the ability of company to meet the high requirements and expectations from consumers on quality, cost, and processing time. Experienced estimators on project tend to underestimate or pesimistic bias when assessing when project will be completed or how much it will cost for the project. Purpose of this study is to identify whether optimistic biases influence project estimation and submit proposal intervention. This study uses a solar power plant project as a case study. Respondents in this study were employees of an EPC company that was categorized as a novice and expert. Optimistic bias occurs on the accuracy of time and the cost of the respondent. In general, the accuracy of expert respondents in estimating project time and costs is more accurate than respondent novice. Intervention in this study is when estimating project time and costs should be carried out by expert category estimator. Keyword: Optimistic Bias, Estimation, Project

Item Type:	Book Section
Subjects:	T Technology > T Technology (General)
Divisions:	Sekolah Tinggi Teknologi Adisujtipto > Teknik Industri
Depositing User:	Mr Bagus Wahyu Utomo
Date Deposited:	18 Sep 2020 00:44
Last Modified:	18 Sep 2020 00:44
URI:	http://eprints.stta.ac.id/id/eprint/324

Actions (login required)

View Item

Downloads