How Big Things Get Done: The Surprising Factors Behind Every Successful Project, from Home Renovations to Space Exploration

by Professor Bent Flyvbjerg

Once we frame the problem as one of time and money overruns, it may never occur to us to consider that the real source of the problem is not overruns at all; it is underestimation. This project was doomed by a large underestimate. And the underestimate was caused by a bad anchor. To create a successful project estimate, you must get the anchor right.