Abstract: " As a first step to understanding the sources of budgeting overruns in the context of the Olympics, this research note outlines how the costs of the London 2012 Olympic Games were under-estimated in a series of budget forecasts, identifying sources of error and categorizing these according to the effects on budgeting of: (1) inattention to risk inside government; (2) biases in decision-making in the evaluation and use of information; and (3) uncertainty in project management and…Continue
Added by DPL-RD on June 18, 2012 at 4:42pm — No Comments
"Olympic Risks" focuses on the task of governing the Olympic Games. It sheds light upon the risk management of arranging and governing the Olympic Games and the preparations ahead of it.
The book offers a theoretical and empirical analysis of how the Olympic Games are governed, exploring the challenges and pressures of staging the world's largest event and the recent emergence of the formal practice of risk management as a response of decision-makers to the operational demands and…Continue
Added by DPL-RD on June 18, 2012 at 4:36pm — No Comments