Understanding the landscape of overruns in transport infrastructure projects

Love, Peter E. D. and Smith, Jim and Simpson, Ian and Regan, Michael and Olatunji, Oluwole ORCID: https://orcid.org/0000-0002-9726-4218 (2015) Understanding the landscape of overruns in transport infrastructure projects. Environment and Planning B: Planning and Design, 42 (3). pp. 490-509. ISSN 0265-8135


Abstract

Cost and schedule overruns are endemic features of transport infrastructure projects. Despite the considerable amount of research within the field of transport and planning in the past thirty years, limited progress has been made to improving the performance of projects. We contend that this will continue to be an issue as long as research efforts focus on the ‘outside view’ with emphasis being placed upon strategic misrepresentation and optimism bias. Understanding ‘why’ and ‘how’ projects overrun, particularly from both ‘outside’ and ‘inside’ perspectives, is pivotal to reducing their impact and occurrence. Thus, in conjunction with the transport and planning literature, references to cost-overrun studies undertaken within the field of construction and engineering are examined. Our objective is to provide policy makers, industry, voluntary organizations, and the public at large with an ameliorated understanding about time-overrun and costoverrun phenomena. Suggestions to mitigate overruns based upon recent process and technological innovations are identified and discussed.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Files associated with this item cannot be displayed due to copyright restrictions.
Faculty/School / Institute/Centre: No Faculty
Faculty/School / Institute/Centre: No Faculty
Date Deposited: 09 May 2022 04:42
Last Modified: 09 May 2022 04:42
Uncontrolled Keywords: Cost; Overruns; Schedule; Transport infrastructure projects
Fields of Research (2020): 33 BUILT ENVIRONMENT AND DESIGN > 3302 Building > 330299 Building not elsewhere classified
33 BUILT ENVIRONMENT AND DESIGN > 3302 Building > 330207 Quantity surveying
33 BUILT ENVIRONMENT AND DESIGN > 3302 Building > 330203 Building industry studies
Socio-Economic Objectives (2020): 12 CONSTRUCTION > 1299 Other construction > 129999 Other construction not elsewhere classified
Identification Number or DOI: https://doi.org/10.1068/b130102p
URI: http://eprints.usq.edu.au/id/eprint/48076

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