There is a growing face-value acceptance of optimism bias as the primary cause of transport
cost overruns. This article provides a timely review of literature on optimism bias and …

Large infrastructure projects often suffer from cost and schedule overruns, mainly due to
optimism bias and strategic misrepresentation. Reference class forecasting (RCF) offers a …

Although it is now universally recognized that climate change will have large and serious
consequences not only for the planet but also for business operations, the adaptation of …

The cost overrun phenomenon on projects worldwide creates a major source of risk that
warrants investigation. The prevailing factor school of thought provides strong empirical …

Cost overruns (COs) in public sector social housing programs (PSSHPs) will continue
unabated without immediate intervention to resolve the ad hoc amalgamation of root cause …

Inaccuracies in cost estimation on construction projects is a contested topic in praxis. Among
the leading explanations for cost overrun (CO), factors accounting for large variances in …

Delays occur commonly for construction projects. How to control projects before delays are
desired by project managers. The Earned schedule method (ESM), a derivative of the …

Purpose This work aims to shed light on the cognitive biases that may have an influence on
the strategic decision-making process, with a particular focus on those impacting both …

Objective: Project complexity is a crucial factor in project management that presents auxiliary
obstacles to reaching project objectives (cost, time, safety, and quality). This study aims at …

In the construction management literature, it is not an ultimately settled matter that optimism
bias is one of the undisputed factors or reasons affecting cost underestimation and cost …