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Abstract
The existing methods of cost control do not assist management in forecasting the attributes which might be responsible for generating potential cost escalation in line items (or cost centers) in a project. The urgent need for a method which is capable of predicting the probable project cost escalation and identifying the attributes which might be responsible for the escalation is evident from the large number of projects finishing over budget. The model presented in this paper not only assists management in predicting the probable project cose escalation, but it also identifies the risk attributes and their associated cost influence.