danskprojektledelse R&D

DPL-RD's Blog Posts Tagged 'overruns' (3)

The Olympics, cost overruns and Professor Bent Flyvbjerg

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

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

Article: "Geographical variation in project cost performance: the Netherlands versus worldwide"

Abstract: " In the Netherlands, cost overruns [on transport infrastructure] appear to be smaller compared to the rest of the world. This paper tests whether Dutch projects perform significantly better in terms of cost overruns than other geographical areas. It is concluded that for road and tunnel projects, the Netherlands performs similarly to the rest of the world. For rail projects, Dutch projects perform considerably better, with projects having significantly lower percentage cost…

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Added by DPL-RD on June 18, 2012 at 4:39pm — No Comments

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