Previous studies have indicated that the majority of infrastructure projects have cost overruns. The root causes are traced to political, technical and psychological reasons at the initial stage of the project. The consequence is either unintentional overoptimistic forecasting of perceived results or calculated interpretation of facts in favour of personal and political interests. These phenomena are called planning fallacies and strategic misrepresentation, respectively. A step-wise procedure to avoid planning fallacies and strategic misrepresentation is called the outside view. The outside view bypasses human biases by using past experience and empirical data from past projects. It has evolved into a professional practice through a method...
Cost overrun in construction projects is an important problem that can have serious financial conseq...
Purpose: Drawing on mainstream arguments in the literature, the paper presents a coherent and holist...
This article addresses theoretical and methodological explanations of miscalculations of costs and b...
Publisher's version (útgefin grein)Summary.Previous studies have indicated that the majority ...
Summary. Previous studies have indicated that the majority of infrastructure projects have cost over...
Infrastructure projects around the world have long been notorious for exceeding their budgets. To a...
This dissertation has examined if cognitive biases have had an impact on the accuracy and reliabilit...
Many infrastructure projects have cost overruns and there has been a lot of research both on why the...
The American Planning Association recently endorsed a new forecasting method called reference class ...
A major source of risk in project management is inaccurate forecasts of project costs, demand, and o...
A major source of risk in project manage-ment is inaccurate forecasts of project costs, demand, and ...
The American Planning Association recently endorsed a new forecasting method called reference class ...
Many infrastructural projects have cost overruns and there has been a lot of research both on whythe...
The comparative research of national studies across Northern and Western Europe shows the high level...
AbstractInfrastructure projects regularly experience cost and schedule overruns. Research led by Fly...
Cost overrun in construction projects is an important problem that can have serious financial conseq...
Purpose: Drawing on mainstream arguments in the literature, the paper presents a coherent and holist...
This article addresses theoretical and methodological explanations of miscalculations of costs and b...
Publisher's version (útgefin grein)Summary.Previous studies have indicated that the majority ...
Summary. Previous studies have indicated that the majority of infrastructure projects have cost over...
Infrastructure projects around the world have long been notorious for exceeding their budgets. To a...
This dissertation has examined if cognitive biases have had an impact on the accuracy and reliabilit...
Many infrastructure projects have cost overruns and there has been a lot of research both on why the...
The American Planning Association recently endorsed a new forecasting method called reference class ...
A major source of risk in project management is inaccurate forecasts of project costs, demand, and o...
A major source of risk in project manage-ment is inaccurate forecasts of project costs, demand, and ...
The American Planning Association recently endorsed a new forecasting method called reference class ...
Many infrastructural projects have cost overruns and there has been a lot of research both on whythe...
The comparative research of national studies across Northern and Western Europe shows the high level...
AbstractInfrastructure projects regularly experience cost and schedule overruns. Research led by Fly...
Cost overrun in construction projects is an important problem that can have serious financial conseq...
Purpose: Drawing on mainstream arguments in the literature, the paper presents a coherent and holist...
This article addresses theoretical and methodological explanations of miscalculations of costs and b...