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Public Planning of Mega-Projects: Overestimation of Demand and Underestimation of Costs

In: Decision-Making on Mega-Projects

Author

Listed:
  • Bent Flyvbjerg

Abstract

This book enlarges the understanding of decision-making on mega-projects and suggest recommendations for a more effective, efficient and democratic approach. Authors from different scientific disciplines address various aspects of the decision-making process, such as management characteristics and cost–benefit analysis, planning and innovation and competition and institutions. The subject matter is highly diverse, but certain questions remain at the forefront. For example, how do we deal with protracted preparation processes, how do we tackle risks and uncertainties, and how can we best divide the risks and responsibilities among the private and public players throughout the different phases of the project?

Suggested Citation

  • Bent Flyvbjerg, 2008. "Public Planning of Mega-Projects: Overestimation of Demand and Underestimation of Costs," Chapters, in: Hugo Priemus & Bent Flyvbjerg & Bert van Wee (ed.), Decision-Making on Mega-Projects, chapter 7, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:4112_7
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    File URL: https://www.elgaronline.com/view/9781845427375.00014.xml
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    Citations

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    Cited by:

    1. Chantal C. Cantarelli & Bent Flyvbjerg, 2013. "Mega-projects’ cost performance and lock-in: problems and solutions," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 15, pages 333-355, Edward Elgar Publishing.
    2. Miller, Michael & Szimba, Eckhard, 2015. "How to avoid unrealistic appraisal results? A concept to reflect the occurrence of risk in the appraisal of transport infrastructure projects," Research in Transportation Economics, Elsevier, vol. 49(C), pages 65-75.
    3. te Boveldt, Geert & Van Raemdonck, Koen & Macharis, Cathy, 2018. "A new railway tunnel under Brussels? Assessing political feasibility and desirability with competence-based multi criteria analysis," Transport Policy, Elsevier, vol. 66(C), pages 30-39.
    4. Hugo Priemus & Bert van Wee (ed.), 2013. "International Handbook on Mega-Projects," Books, Edward Elgar Publishing, number 14791.
    5. Thomas, Peter & O’Donoghue, Daniel, 2013. "The Channel Tunnel: transport patterns and regional impacts," Journal of Transport Geography, Elsevier, vol. 31(C), pages 104-112.

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