Challenges in Managing Major Projects

Delivering major transport projects is very challenging – with long planning horizons, complex interfaces, multiple stakeholders and the potential for major scope changes. Poor project management results in overruns and delays, poor quality outputs, and higher costs. There is increasing pressure for well-planned and delivered transport projects that meet agreed time, cost and quality requirements. … Read more

Optimism Bias in Project Planning

Professor Bent Flyvbjerg in his research identified two main causes of misinformation in policy and management: strategic misrepresentation (or lying!) and optimism bias (appraisal optimism). Strategic misrepresentation is the planned, systematic distortion or misstatement of fact in response to incentives in the budget process. Optimism bias is the demonstrated systematic tendency for people to be … Read more