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

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Showing 2013Show all

21 papers · 1 filter

q-fin.GN2013★ 105 cited

Geographical Variation in Project Cost Performance: The Netherlands versus Worldwide

Chantal C. Cantarelli, Bent Flyvbjerg, Søren L. Buhl

Cost overruns in transport infrastructure projects know no geographical limits, overruns are a global phenomenon. Nevertheless, the size of cost overruns varies with location. In t…

q-fin.GN2013★ 106 cited

Lock-in and Its Influence on the Project Performance of Large-Scale Transportation Infrastructure Projects. Investigating the Way in Which Lock-in Can Emerge and Affect Cost Overruns

Chantal C. Cantarelli, Bent Flybjerg, Bert van Wee +1

Lock-in, the escalating commitment of decision-makers to an ineffective course of action, has the potential to explain the large cost overruns in large scale transportation infrast…

q-fin.GN2013★ 182 cited

Different Cost Performance: Different Determinants? The Case of Cost Overruns in Dutch Transportation Infrastructure Projects

Chantal C. Cantarelli, Bert van Wee, Eric J. E. Molin +1

This paper examines three independent explanatory variables and their relation with cost overrun in order to decide whether this is different for Dutch infrastructure projects comp…

q-fin.GN2013★ 146 cited

Characteristics of Cost Overruns for Dutch Transport Infrastructure Projects and the Importance of the Decision to Build and Project Phases

Chantal C. Cantarelli, Eric J. E. Molin, Bert van Wee +1

Using a methodology similar to that used the in the worldwide research, the cost performance of Dutch large-scale transport infrastructure projects is determined. In the Netherland…

q-fin.GN2013★ 29 cited

Delusions of Success: Comment on Dan Lovallo and Daniel Kahneman

Bent Flyvbjerg

Dan Lovallo and Daniel Kahneman must be commended for their clear identification of causes and cures to the planning fallacy in "Delusions of Success: How Optimism Undermines Execu…

q-fin.GN2013★ 51 cited

What Causes Cost Overrun in Transport Infrastructure Projects?"

Bent Flyvbjerg, Mette K. Skamris Holm, Søren L. Buhl

This article presents results from the first statistically significant study of causes of cost escalation in transport infrastructure projects. The study is based on a sample of 25…