Five things you should know about cost overrun

Flyvbjerg, B., Ansar, A., Budzier, A. et al. (11 more authors) (2018) Five things you should know about cost overrun. Transportation Research Part A: Policy and Practice, 118. pp. 174-190. ISSN 0965-8564



  • Flyvbjerg, B.
  • Ansar, A.
  • Budzier, A.
  • Buhl, S.
  • Cantarelli, C.
  • Garbuio, M.
  • Glenting, C.
  • Holm, M.S.
  • Lovallo, D.
  • Lunn, D.
  • Molin, E.
  • Rønnest, A.
  • Stewart, A.
  • Wee, B.V.
Copyright, Publisher and Additional Information: © Year Elsevier. This is an author produced version of a paper subsequently published in Transportation Research Part A: Policy and Practice. Uploaded in accordance with the publisher's self-archiving policy. Article available under the terms of the CC-BY-NC-ND licence (
Keywords: Cost overrun; Cost underestimation; Cost forecasting; Root causes of cost overrun; Behavioral science; Optimism bias; Strategic misrepresentation; Delusion; Deception; Moral hazard; Agency; Reference class forecasting; De-biasing
  • Accepted: 19 July 2018
  • Published (online): 12 September 2018
  • Published: 1 December 2018
Institution: The University of Sheffield
Academic Units: The University of Sheffield > Faculty of Social Sciences (Sheffield) > Sheffield University Management School
Depositing User: Symplectic Sheffield
Date Deposited: 03 Dec 2018 14:28
Last Modified: 12 Sep 2019 00:39
Published Version:
Status: Published
Publisher: Elsevier
Refereed: Yes
Identification Number:

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