Underestimating Costs in Public Works Projects¶
Flyvbjerg, B., Holm, M. S., & Buhl, S. (2002). Underestimating Costs in Public Works Projects: Error or Lie?. Journal of the American Planning Association, 68(3), 279-295.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Planning Fallacy
- In megaprojects — transport, energy, infrastructure — decades of systematic time and cost overruns show a characteristic right-skewed distribution that does not improve over time despite repeated promises of better planning.
This sourceDocuments the persistent right-skewed pattern of megaproject cost overruns (258 projects, $90B) that does not improve over time.
- In megaprojects — transport, energy, infrastructure — decades of systematic time and cost overruns show a characteristic right-skewed distribution that does not improve over time despite repeated promises of better planning.
Domain-specific¶
- Exaggerated Expectation
- Bent Flyvbjerg's research on large infrastructure projects found systematic, one-directional cost and schedule under-estimation
This sourceThe 258-project study finding that transport infrastructure cost estimates are systematically underestimated in a way error cannot explain.
Supported in partVerified against the source
- Bent Flyvbjerg's research on large infrastructure projects found systematic, one-directional cost and schedule under-estimation
Verification¶
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