%0 Journal Article
	%A O. J. Olaniran and  P. E. D. Love and  D. J. Edwards and  O. Olatunji and  J. Matthews
	%D 2015
	%J International Journal of Civil and Environmental Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 103, 2015
	%T Chaotic Dynamics of Cost Overruns in Oil and Gas Megaprojects: A Review
	%U https://publications.waset.org/pdf/10002818
	%V 103
	%X Cost overruns are a persistent problem in oil and gas
megaprojects. Whilst the extant literature is filled with studies on
incidents and causes of cost overruns, underlying theories to explain
their emergence in oil and gas megaprojects are few. Yet, a way to
contain the syndrome of cost overruns is to understand the bases of
‘how and why’ they occur. Such knowledge will also help to develop
pragmatic techniques for better overall management of oil and gas
megaprojects. The aim of this paper is to explain the development of
cost overruns in hydrocarbon megaprojects through the perspective of
chaos theory. The underlying principles of chaos theory and its
implications for cost overruns are examined and practical
recommendations proposed. In addition, directions for future research
in this fertile area provided.
	%P 911 - 917