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physics.soc-ph2022
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…
econ.GN2022
How to Solve Big Problems: Bespoke Versus Platform Strategies
Atif Ansar, Bent Flyvbjerg
How should government and business solve big problems? In bold leaps or in many smaller moves? We show that bespoke, one-off projects are prone to poorer outcomes than projects bui…
econ.GN2022★ 198 cited
Top Ten Behavioral Biases in Project Management: An Overview
Bent Flyvbjerg
Behavioral science has witnessed an explosion in the number of biases identified by behavioral scientists, to more than 200 at present. This article identifies the 10 most importan…