Energy sources are essential to maintain the life we live today: Transport, the health industry, households and industries of all kinds depend on different energy sources.
Yet, producing and delevering energy may be a costly affair. CNN Money now introduces an article on the world's ten most costly energy projects. Did you know that constructing the Hoover Dam required a budget of 49 million dollars when it was built in 1936? This is equal to 825 million dollars with today's…Continue
Added by Stine Piilgaard P Nielsen on May 15, 2013 at 9:57am — No Comments
Article from Time Magazine on the overrun of budgets in the events of the OL. The article also contains commentaries from Danish researcher Bent Flyvbjerg, who is specialised in the management of mega projects.
Read the article here
Added by DPL-RD on August 4, 2012 at 8:06pm — No Comments
An Oxford University study finds the Olympics is likely to cost more than twice the original estimate and end up billions of dollars over-budget. Read the full article and watch the news clip with Professor Bent Flyvbjerg at CBS News
Added by DPL-RD on July 3, 2012 at 9:49am — No Comments
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