Addressing Five Key Questions to Avoid Project Cost Overruns

September 27th, 2018

Professor Bent Flyvbjerg is a renowned expert in the field of project predictability and project cost overruns. He recently co-authored an article entitled ‚ÄúFive key questions about cost overrun.‚ÄĚ According to the article, good practice entails:¬†(a)¬†Consistent definition and measurement of cost overruns; in contrast to mixing inconsistent baselines, price levels, etc. (b)¬†Data collection that includes […]