745 citations · 1.2k across the 5 of their papers we have counts for
5 papers
The Empirical Reality of IT Project Cost Overruns: Discovering A Power-Law Distribution
Bent Flyvbjerg, Alexander Budzier, Jong Seok Lee +3
If managers assume a normal or near-normal distribution of Information Technology (IT) project cost overruns, as is common, and cost overruns can be shown to follow a power-law dis…
Regression to the Tail: Why the Olympics Blow Up
Bent Flyvbjerg, Alexander Budzier, Daniel Lunn
The Olympic Games are the largest, highest-profile, and most expensive megaevent hosted by cities and nations. Average sports-related costs of hosting are $12.0 billion. Non-sports…
Does Infrastructure Investment Lead to Economic Growth or Economic Fragility? Evidence from China
Atif Ansar, Bent Flyvbjerg, Alexander Budzier +1
The prevalent view in the economics literature is that a high level of infrastructure investment is a precursor to economic growth. China is especially held up as a model to emulat…
Big is Fragile: An Attempt at Theorizing Scale
Atif Ansar, Bent Flyvbjerg, Alexander Budzier +1
In this paper we characterise the propensity of big capital investments to systematically deliver poor outcomes as "fragility," a notion suggested by Nassim Taleb. A thing or syste…
Should we build more large dams? The actual costs of hydropower megaproject development
Atif Ansar, Bent Flyvbjerg, Alexander Budzier +1
A brisk building boom of hydropower mega-dams is underway from China to Brazil. Whether benefits of new dams will outweigh costs remains unresolved despite contentious debates. We…