Report for the Edinburgh Tram Inquiry

Flyvbjerg, Bent and Budzier, Alexander (2018) Report for the Edinburgh Tram Inquiry. Project Report. The Edinburgh Tram Inquiry.

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Abstract

This report reviewed the Edinburgh tram project’s risk management. Projects frequently overrun their cost and timelines and fall short of the intended benefits. Cost, schedule and benefit risk of projects need to be carefully considered to avoid this.
Often project risks are underreported or ignored. Underreporting may be intentional or not. Non-intentional underreporting is caused by optimism bias with planners. Intentional underreporting is caused by strategic misrepresentation. Optimism bias and strategic misrepresentation are root causes of inaccurate assessments of project risk.

Item Type: Monograph (Project Report)
Subject(s): Project management
Date Deposited: 31 Jul 2018 08:21
Last Modified: 31 Jul 2018 08:21
Funders: Not Applicable
URI: http://eureka.sbs.ox.ac.uk/id/eprint/6874

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