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Bent Flyvbjerg
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“Also, the technologically high-risk Apollo aerospace programme is considered a classic success story of megaproject planning and implementation. The cost overrun on this US$21 billion project was only 5 per cent. Few know, however, that the original budget estimate included US$8 billion of contingencies.18 By allowing for risk with foresight, the programme avoided ending up in the type of large cost overrun that destabilises many major projects during implementation. The Apollo approach, with its realistic view of risks, costs and contingencies, should be adopted in more major projects.”
― Megaprojects and Risk: An Anatomy of Ambition
― Megaprojects and Risk: An Anatomy of Ambition
“Infrastructure is the great space shrinker, and power, wealth and status increasingly belong to those who know how to shrink space, or know how to benefit from space being shrunk.”
― Megaprojects and Risk: An Anatomy of Ambition
― Megaprojects and Risk: An Anatomy of Ambition
“We have documented in this book that: • Cost overruns of 50 per cent to 100 per cent in real terms are common in megaprojects; overruns above 100 per cent are not uncommon; • Demand forecasts that are wrong by 20 per cent to 70 per cent compared with actual developments are common; • The extent and magnitude of actual environmental impacts of projects are often very different from forecast impacts. Post-auditing is neglected;”
― Megaprojects and Risk: An Anatomy of Ambition
― Megaprojects and Risk: An Anatomy of Ambition
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