Truth and lies about megaprojects

Flyvbjerg, Bent (2007) Truth and lies about megaprojects. In: Inaugural Speech for Professorship and Chair at Faculty of Technology, Policy, and Management: Delft University of Technology.

Abstract

In what follows I will: (1) Argue that a major problem in megaproject policy and planning is the high level of misinformation about costs and benefits that decision makers face in deciding whether to build, and the high risks such misinformation generates; (2) Explore the causes of misinformation and risk, mainly in the guise of optimism bias and strategic misrepresentation; (3) Present measures aimed at better policy and planning, including changed governance structures and better planning methods; and (4) Identify the most promising areas for further research, especially as they pertain to the Dutch situation and the Chair in Infrastructure Policy and Planning at Delft University of Technology.

Item Type: Conference or Workshop Item (Speech)
Additional Information: Article listed on SSRN's Top Ten Download List for Infrastructure.
Keywords: Major projects - megaprojects;
Subject(s): Project management
Centre: BT Centre for Major Programme Management
Date Deposited: 11 Aug 2011 11:41
Last Modified: 23 Oct 2015 14:05
URI: http://eureka.sbs.ox.ac.uk/id/eprint/793

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