Change search
ReferencesLink to record
Permanent link

Direct link
Policies to avoid cost overruns:Critical evaluation and recommendations
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management, Building and Real Estate Economics.
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management, Building and Real Estate Economics.ORCID iD: 0000-0003-4841-5056
2014 (English)Report (Other academic)
Abstract [en]

Many infrastructural projects have cost overruns and there has been a lot of research both on whythese cost overruns occur and what can be done to reduce cost overruns. Bent Flyvbjerg is the leadingresearcher in the area and in this article his proposals are also the starting point. Beside a literaturereview a questionnaire was also sent out to experienced Swedish project managers to find out whatthey thought could reduce cost overruns. This has been the foundation for the proposals formulated inthis article. Proposals concerns three areas 1. Organizational macro-structure, e.g. using more PPPprojectsbut also decentralization of budgets where cost-overruns in one project in a region leads toless other projects in the specific region. 2. Organizational quality: It should be easy to see when andwhere cost overruns occur and who was responsible. There should be an well-developed knowledgemanagement system in the organization and an organization culture of openness and a focus onimprovements. 3. Organizational processes, e.g. a systematic use of external reviewers in differentstages of a project.

Place, publisher, year, edition, pages
KTH Royal Institute of Technology, 2014. , 16 p.
, Working Paper Series, Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin), 14/6
Keyword [en]
Cost-overruns, infrastructural projects, policy measures
National Category
URN: urn:nbn:se:kth:diva-148427OAI: diva2:736569

QC 20140819

Available from: 2014-08-07 Created: 2014-08-07 Last updated: 2014-08-19Bibliographically approved

Open Access in DiVA

fulltext(153 kB)534 downloads
File information
File name FULLTEXT01.pdfFile size 153 kBChecksum SHA-512
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Fredrik, BrunesHans, Lind
By organisation
Building and Real Estate Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 534 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 104 hits
ReferencesLink to record
Permanent link

Direct link