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Policies to avoid cost overruns in infrastructure projects: Critical evaluation and recommendations
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
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management, Building and Real Estate Economics.
2014 (English)In: Australasian Journal of Construction Economics and Building, ISSN 1835-6354, Vol. 14, no 3, 74-85 p.Article in journal (Refereed) Published
Abstract [en]

Many infrastructure projects have cost overruns and there has been a lot of research both on why these cost overruns occur and what can be done to reduce hem. Bent Flyvbjerg is the leading researcher in the area and in this article his proposals are used as the starting point. Besides a literature review, a questionnaire was sent out to experienced Swedish project managers to find out what they thought could reduce cost overruns. The literature review and the questionnaire were the foundation for the proposals formulated in this article. Proposals concerned three areas: (1). Organisational macro-structure, e.g. using more PPP projects but also decentralisation of budgets where cost overruns in one project in a region lead to less alternative projects in the specific region. (2). Organisational quality: It should be easy to see when and where cost overruns occur and who was responsible. There should be a well-developed knowledge management system in the organisation and an organisation culture of openness with a focus on improvements. (3). Organisational processes, e.g. a systematic use of external reviewers in different stages of a project.

Place, publisher, year, edition, pages
2014. Vol. 14, no 3, 74-85 p.
Keyword [en]
Cost overruns, Infrastructure projects, Policy measures
National Category
Transport Systems and Logistics
Identifiers
URN: urn:nbn:se:kth:diva-161660DOI: 10.5130/ajceb.v14i3.4151Scopus ID: 2-s2.0-84907188764OAI: oai:DiVA.org:kth-161660DiVA: diva2:795511
Note

QC 20150316

Available from: 2015-03-16 Created: 2015-03-13 Last updated: 2015-03-16Bibliographically approved

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Lind, Hans

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf