Five things to know about transport project cost overrun

Transport projects are often in the news for the wrong reasons when their costs overrun. A new paper by Bent Flyvbjerg, the BT professor of major programme management at the University of Oxford, analyses the problem and suggests how planners and project managers can avoid their scheme suffering the same fate. LTT reports

Peter Love, one of the two authors of the original paper that was critical of Flyvbjerg’s work

Peter Love, one of the two authors of the original paper that was critical of Flyvbjerg’s work

Bent Flyvbjerg

Bent Flyvbjerg

W hy do transport projects so often seem to end up costing much more than originally forecast? Professor Bent Flyvbjerg, of the University of Oxford’s Saïd Business School, has spent a lot of time researching this question and his work has shaped the thinking of the DfT and Treasury. He says there is clear evidence that the costs of the vast majority of projects are underestimated at the point the decision is made to proceed with them. As for why this should be so, Flyvbjerg says the...

Subscribe today to read this article in full...

Benefits of subscribing to TransportXtra: Transport Intelligence Package & TransportXtra.com

• 25 editions a year accessed via the LTT app and desktop viewer

• Includes full online access to TransportXtra.com and searchable archive

• Essential reading for public and private sector transport professionals in the UK and beyond

• Stay ahead of the competition – hear it first

• Written by leading experts in the transport industry

• Additional publications throughout the year covering specific subjects Active Travel Directory, Loveable Neighbourhoods and Data and Modelling

• Access to our webinar library

• Full access to the 50,000 article archive

• Tailored E-bulletins

Magazine + Online

Pay Monthly

£25.00

Fixed Term

1 year, 1 user £165.00 3 years, 1 user £400.00 1 year, 5 users £660.00 3 years, 5 users £1,580.00 1 year, 2 users £300.00

 

Online Only

Pay Monthly

£16.25

Price shown ex VAT. Monthly subscription amount charged monthly to registered card.

Fixed Term

1 Year Subscription £130.00 30 Day Subscription £30.00 90 Day Subscription £60.00

Invoice option available on fixed-term subscription. Subscriptions begin from receipt of payment.