With Albert O. Hirschman, project management scholarship has what it lacks the most: an eminent intellectual and social scientist who has thought long and hard about project management, and especially the management of large transformative projects. Cass Sunstein, co-author of Nudge and a key...

The paper argues that if you want to get cost estimates right for large capital investment projects, you need to unlearn conventional cost forecasting, with its century-long record of getting cost estimates wrong. Instead you need to learn behavioral science, because behavior, and not artifacts,...

This paper explores how theories of the planning fallacy and the outside view may be used to conduct quality control and due diligence in project management. First, a much-neglected issue in project management is identified, namely that the front-end estimates of costs and benefits -- used in...