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Learning Curves: Project Cost Estimates

dc.date.accessioned2015-04-10T10:15:05Z
dc.date.available2015-04-10T10:15:05Z
dc.date.issued2007-05-15
dc.identifier.urihttp://hdl.handle.net/11540/3364
dc.description.abstractCost underruns and overruns can be defined as the difference in the estimate of project costs upon which loan approval is based, and the final cost incurred at project completion. Of all Asian Development Bank (ADB) financed projects completed since 1995, 35% had a cost underrun higher than 20% of the estimated project cost, and 9% a cost overrun higher than 20%. Put together, almost half of the projects were characterized by inaccurate cost estimates. Cost underruns lead to loan cancellations and these impact both borrowing countries and ADBʹs operations. In the former, loan savings could have financed additional projects and, if ADB financing is from ordinary capital resources, unduly large loans incur unnecessary commitment fees. For ADB, cost underruns indicate inefficient allocation of scarce resources.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleLearning Curves: Project Cost Estimates
dc.typeBriefs
dc.subject.expertCofinancing
dc.subject.expertDevelopment Financing
dc.subject.expertEconomic Development and Finance
dc.subject.expertFinance
dc.subject.expertFinancial Advisory Services
dc.subject.expertFinancial Assistance
dc.subject.expertFinancial Support
dc.subject.adbADB
dc.subject.adbSelf Financing
dc.subject.adbAid Financing
dc.subject.adbFinancial Aid
dc.subject.adbDevelopment Banks
dc.subject.adbProject Impact
dc.subject.naturalDevelopment Banks
dc.subject.naturalAsset allocation
dc.subject.naturalInvestment management
dc.subject.naturalCommercial documents
dc.title.seriesLearning Curves
dc.contributor.imprintAsian Development Bank
oar.themeFinance
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-004485
oar.authorAsian Development Bank
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • IED Briefs
    IED briefs are concise narratives of evaluation findings, lessons, and recommendations intended to inform a broader range of readers. They are short-format summaries and are designed to be quick-disseminating.

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