IN DEPTH: Academics clash on causes of transport cost overruns

[Selorm Adukpo]

I believe the news article below will be of interest to a number of us interested in cost overruns for infrastructure projects. 

Why do so many transport projects end up costing much more than originally estimated? Andrew Forster reports on a new academic paper that says behavioural explanations such as optimism bias and deception have been overplayed. Meanwhile, below, Bent Flyvbjerg, the leading proponent of behavioural explanations, responds to the paper’s main points

https://www.transportxtra.com/publications/local-transport-today/news/56703/in-depth-academics-clash-on-causes-of-transport-cost-overruns/

​For those interested in further reading, the actual journal publication is attached leading to the article is attached ...

There is also an ongoing debate here https://www.linkedin.com/pulse/flyvbjerg-unlearn-parts-conventional-cost-engineering-john-hollmann/

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Regards,

Selorm Adukpo 

[Magnus Lincoln Quarshie]

Interesting piece

Sent from my iPad

Ing. Magnus Lincoln Quarshie, FGhIE

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<Debunking fake news in a post-truth era - The plausible untruths of cost underestimation in transport infrastructure projects.pdf>

[Selorm Adukpo]

Yes. And they taking on a heavyweight in the academic sphere as well ...

But I will say Flyvbjerg's arguments on optimism bias and strategic misrepresentation does apply a lot to the Ghanaian context, although they are not the only ones ...

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<Debunking fake news in a post-truth era - The plausible untruths of cost underestimation in transport infrastructure projects.pdf>

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Selorm Adukpo 

[K. Ohene Sarfoh]

What's strange though is that it took this long before Flyberg's critique was contested. 

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<Debunking fake news in a post-truth era - The plausible untruths of cost underestimation in transport infrastructure projects.pdf>

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Regards,

Selorm Adukpo 

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