Assessment of the Construction Project Costs by Using the Learning Curve

Abstract

The project feasibility study, which is the scientific technique, a thorough technical and economic analysis, and a demonstration of the projects construction before the project decision are the most crucial components of the project's preparatory work. This paper uses the one-factor learning curve to analyze the project cost and then obtains the feasibility study results for the project. The Wright models are the foundation of the tool developed. The model was chosen due to its applicability to the construction sector and its effectiveness in terms of fitness (ability to fit historical data) and predictability in the past (ability to estimate future data).