Realistic Project Evaluation
Bent discusses the common pitfalls in project evaluations, emphasizing the tendency to overestimate benefits while underestimating costs. He highlights successful projects, such as the Guggenheim in Bilbao, that were executed on time and budget, demonstrating that with the right methodologies, many projects can yield significant returns. The conversation underscores the potential for better resource allocation towards worthy initiatives rather than flawed projects.In this clip
From this podcast
EconTalk
Bent Flyvbjerg on Megaprojects
Related Questions