danskprojektledelse R&D

DPL-RD's Blog Posts Tagged 'forecasts' (1)

Article: "Why costs overrun: risk, optimism and uncertainty in budgeting for the London 2012 Olympic Games"

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…

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Added by DPL-RD on June 18, 2012 at 4:42pm — No Comments

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