Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting : Guidebook for State Transportation Agencies /

Because transportation investment programs have extended time horizons, state departments of transportation (DOTs) must forecast costs well into the future. This poses a serious challenge: the longer the time horizon, the more uncertainty and risk that forecasted costs will vary from actual, future...

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Bibliographic Details
Corporate Authors:	American Association of State Highway and Transportation Officials (sponsoring body.), United States. Federal Highway Administration (sponsoring body.)
Format:	Book
Language:	English
Published:	Washington, DC : Transportation Research Board, 2020.
Series:	NCHRP research report ; 953.
Subjects:	State transportation agencies > Information resources management > Handbooks, manuals, etc. State transportation agencies > Finance. Cost accounting > Management.
Online Access:	Email address required to view/download the free text.

Description
Summary:	Because transportation investment programs have extended time horizons, state departments of transportation (DOTs) must forecast costs well into the future. This poses a serious challenge: the longer the time horizon, the more uncertainty and risk that forecasted costs will vary from actual, future costs. The TRB National Cooperative Highway Research Program's NCHRP Research Report 953: Improving Mid-Term, Intermediate, and Long-Range Cost Forecasting: Guidebook for State Transportation Agencies presents a cost forecasting method for use by state transportation agencies that better accounts for cost variability and economic volatility over time. Supplemental information to the report includes a cost forecasting toolkit, a guidebook presentation, and videos.
Item Description:	At head of title: National Cooperative Highway Research Program.
Physical Description:	56 pages : illustrations, map ; 28 cm
Bibliography:	Includes bibliographical references.
ISBN:	9780309673440 0309673445
ISSN:	2572-3766 ;