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...

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...

Private and public mega projects — whether new plant facilities, IT systems, railways, or the Olympics — frequently entail dramatic cost and schedule overruns. Root causes are behavioral biases, such as optimism and deliberate deception, accompanied by principal–agent issues and a lack of...