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Cost Overruns in Large-scale Tranportation Infrastructure Projects: Explanations and their Theoretical Embeddedness

Abstract:

Managing large-scale transportation infrastructure projects is difficult due to frequent misinformation about the costs which results in large cost overruns that often threaten the overall project viability. This paper investigates the explanations for cost overruns that are given in the literature. Overall, four categories of explanations can be distinguished: technical, economic, psychological, and political. Political explanations have been seen to be the most dominant explanations for cos...

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Bent Flyvbjerg More by this author
Chantal Cantarelli More by this author
Eric J. E. Molin More by this author
Bert van Wee More by this author
Publication date:
2010
URN:
uuid:b7ffa311-42c0-4f34-a9a3-33d83eda0fe2
Local pid:
oai:eureka.sbs.ox.ac.uk:686

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