activity
20132022
most citedUnderestimating Costs in Public Works Projects: Error or Lie?

1k citations · 3.5k across the 34 of their papers we have counts for

collaborators
Showing q-fin.GNShow all

31 papers · 1 filter

q-fin.GN2021

Four Ways to Scale Up: Smart, Dumb, Forced, and Fumbled

Bent Flyvbjerg

Scale-up is the process of growing a venture in size. The paper identifies modularity and speed as keys to successful scale-up. On that basis four types of scale-up are identified:…

q-fin.GN2020★ 116 cited

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…

q-fin.GN2019

Quantitative Cost and Schedule Risk Analysis of Nuclear Waste Storage

Alexander Budzier, Bent Flyvbjerg, Andi Garavaglia +1

This study provides an independent, outside-in estimate of the cost and schedule risks of nuclear waste storage projects. Based on a reference class of 216 past, comparable project…

q-fin.GN2019

Report for the Commission of Inquiry Respecting the Muskrat Falls Project

Bent Flyvbjerg, Alexander Budzier

This report was commissioned by the Commission of Inquiry Respecting the Muskrat Falls Project to provide the national and international context in which the Muskrat Falls Project…

q-fin.GN2018

Report for the Edinburgh Tram Inquiry

Bent Flyvbjerg, Alexander Budzier

This report reviews the Edinburgh tram project's risk management. Projects frequently overrun their cost and timelines and fall short on intended benefits. Cost, schedule, and bene…

q-fin.GN2017★ 27 cited

Reference Class Forecasting for Hong Kong's Major Roadworks Projects

Bent Flyvbjerg, Chi-keung Hon, Wing Huen Fok

Reference class forecasting is a method to remove optimism bias and strategic misrepresentation in infrastructure projects and programmes. In 2012 the Hong Kong government's Develo…