DocumentCode
1337306
Title
Moving Beyond Optimism Bias and Strategic Misrepresentation: An Explanation for Social Infrastructure Project Cost Overruns
Author
Love, Peter E D ; Edwards, David J. ; Irani, Zahir
Author_Institution
Sch. of Built Environ., Curtin Univ., Perth, WA, Australia
Volume
59
Issue
4
fYear
2012
Firstpage
560
Lastpage
571
Abstract
Infrastructure projects regularly experience cost and schedule overruns. Research led by Flyvbjerg has suggested that misrepresentation and optimism bias are primary causes for overruns. While Flyvbjerg´s research has made a significant contribution to ameliorating understanding as to why economic infrastructure projects experience overruns, it does not adequately explain why this is the case for such social infrastructure. In addressing this shortcoming, case studies are used to determine the intermediary events and actions that contributed to project cost overruns. The pathogens, events, and actions that contributed to overruns are identified and analyzed. The analysis of the cases´ findings led to the propagation of a nomological framework for social infrastructure project overruns. Acknowledgment of the systemic pathogenic influences has enabled the establishment of an orthodoxy, which provides an impetus for addressing the issues needed to improve the performance of social infrastructure projects.
Keywords
costing; project management; public administration; scheduling; strategic planning; structural engineering; economic infrastructure projects; infrastructure project schedule overruns; nomological framework; optimism bias; social infrastructure project cost overruns; social infrastructure project performance; strategic misrepresentation; systemic pathogenic influences; Contracts; Economics; Governmental factors; Interviews; Pathogens; Procurement; Public finance; Design errors; overruns; pathogens; social infrastructure;
fLanguage
English
Journal_Title
Engineering Management, IEEE Transactions on
Publisher
ieee
ISSN
0018-9391
Type
jour
DOI
10.1109/TEM.2011.2163628
Filename
6032087
Link To Document