Alt Causes Alt to cost overruns—technical data inevitably fails Flyvbjerg 5, Professor of Major Programme Management at Oxford University's Saïd Business School and is Founding Director of the University's BT Centre for Major Programme Management, winner of the Fulbright Scholarship, (Bent, Policy and planning for large infrastructure : projects problems, causes, and cures, World Bank Publications, January 2005, Google Scholar)//AG Technical explanations account for cost overruns terms if imperfect forecasting techniques, and benefit shortfalls in inadequate data, honest mistakes, inherent problems lack of experience this is in predicting the future, on the part of forecasters, etc. the most common type of explanation of inaccuracy in forecasts (Ascher, 1978; Flyvbjerg, Holm, and Buhl, 2002, 2005; Morris and Hough, error may be reduced by developing better models 1987; Wachs, 1990). Technical or eliminated forecasting ,better data, and more experienced forecasters, according to this explanation.
Alt Causes Alt to cost overruns—technical data inevitably fails Flyvbjerg 5, Professor of Major Programme Management at Oxford University's Saïd Business School and is Founding Director of the University's BT Centre for Major Programme Management, winner of the Fulbright Scholarship, (Bent, Policy and planning for large infrastructure : projects problems, causes, and cures, World Bank Publications, January 2005, Google Scholar)//AG Technical explanations account for cost overruns and benefit shortfalls in terms if imperfect forecasting techniques, inadequate data, honest mistakes, inherent problems in predicting the future, lack of experience on the part of forecasters, etc. this is the most common type of explanation of inaccuracy in forecasts (Ascher, 1978; Flyvbjerg, Holm, and Buhl, 2002, 2005; Morris and Hough, 1987; Wachs, 1990). Technical error may be reduced or eliminated by developing better forecasting models ,better data, and more experienced forecasters, according to this explanation.
Cost_Control_CP_7WK.docx