DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Article: Liberals and their love of "Infrastructure"

**Loonakind** · 07-10-2011, 05:39 PM

“Cost overruns in the order of 50 percent in real terms are common for major infrastructure, and overruns above 100 percent are not uncommon,” Bent Flyvbjerg, a professor of major program management at the University of Oxford’s Said Business School, writes in the Oxford Review of Economic Policy. “Demand and benefit forecasts that are wrong by 20-70 percent compared with actual development are common.”

http://www.bloomberg.com/news/2011-0...a-postrel.html

From an analysis of hundreds of projects, from 20 countries over 70 years.. the largest data set ever compiled..

07-10-2011, 05:39 PM	#1
Loonakind Join Date Oct 2005 Posts 414 Senior Member	Article: Liberals and their love of "Infrastructure" “Cost overruns in the order of 50 percent in real terms are common for major infrastructure, and overruns above 100 percent are not uncommon,” Bent Flyvbjerg, a professor of major program management at the University of Oxford’s Said Business School, writes in the Oxford Review of Economic Policy. “Demand and benefit forecasts that are wrong by 20-70 percent compared with actual development are common.” http://www.bloomberg.com/news/2011-0...a-postrel.html From an analysis of hundreds of projects, from 20 countries over 70 years.. the largest data set ever compiled..
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