Implications of Economic Forecasting on Project Time Overrun

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Main Author: Idris Ibidapo OSHIN, Olawale Lawal AYILARA, Abdulazeez Olawale SULAIMON
Format: Recurso digital
Published: Zenodo 2026
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author Idris Ibidapo OSHIN, Olawale Lawal AYILARA, Abdulazeez Olawale SULAIMON
author_facet Idris Ibidapo OSHIN, Olawale Lawal AYILARA, Abdulazeez Olawale SULAIMON
contents <p>Abstract <br>This study assesses the implications of economic forecasting on project time overrun. Using a <br>comprehensive review of literature, an exploratory research design was adopted to review the <br>literature from 2015 to 2023 to ascertain how economic forecasting has contributed to project <br>time overrun. The result from these studies revealed that forecasting has a positive relationship <br>with various economies compared to it, project time overrun has a negative relationship with <br>various projects that they are being compared with, project time overrun would lead to delay or <br>incomplete projects and project time overrun is more pronounced in the public sector and it occurs <br>in most projects irrespective of the size. It was concluded that an economic forecast geared <br>towards project overrun should reduce project time overrun if the forecast is well carried out and <br>well implemented and recommended among others that economic forecasting should serve as a <br>tool for planning project execution as this would help reduce project time overrun if well <br>implemented.</p>
format Recurso digital
id zenodo_https___doi_org_10_5281_zenodo_19024014
institution Zenodo
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publishDate 2026
publisher Zenodo
record_format zenodo
spellingShingle Implications of Economic Forecasting on Project Time Overrun
Idris Ibidapo OSHIN, Olawale Lawal AYILARA, Abdulazeez Olawale SULAIMON
<p>Abstract <br>This study assesses the implications of economic forecasting on project time overrun. Using a <br>comprehensive review of literature, an exploratory research design was adopted to review the <br>literature from 2015 to 2023 to ascertain how economic forecasting has contributed to project <br>time overrun. The result from these studies revealed that forecasting has a positive relationship <br>with various economies compared to it, project time overrun has a negative relationship with <br>various projects that they are being compared with, project time overrun would lead to delay or <br>incomplete projects and project time overrun is more pronounced in the public sector and it occurs <br>in most projects irrespective of the size. It was concluded that an economic forecast geared <br>towards project overrun should reduce project time overrun if the forecast is well carried out and <br>well implemented and recommended among others that economic forecasting should serve as a <br>tool for planning project execution as this would help reduce project time overrun if well <br>implemented.</p>
title Implications of Economic Forecasting on Project Time Overrun
url https://doi.org/10.5281/zenodo.19024014