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Delusion and Deception in Large Infrastructure Projects: Two Models for Explaining and Preventing Executive Disaster

Abstract:

The article discusses infrastructure project planning, examining the complex principal-agent relationships that are involved with the approval and construction of large infrastructure projects. Such projects are usually finished with time delays, with large cost overruns, and benefit shortfalls, the article indicates. The authors explain why costs, benefits, and time forecasts for complex projects a systematically over-optimistic in the planning phase. Topics include forecasting errors based ...

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Publication date:
2009-01-01
URN:
uuid:3aa12b48-3281-412b-904a-cb5bbd9dca8e
Local pid:
oai:eureka.sbs.ox.ac.uk:688

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