Forecasting Failures
Bent emphasizes the importance of using historical data to improve the accuracy of project forecasts, rather than relying on often flawed expert predictions. He highlights the tendency of project managers to claim that each new project is unique, despite a consistent track record of inaccuracies. By applying transparent debiasing techniques, the likelihood of more reliable outcomes increases, challenging the status quo of project forecasting.In this clip
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EconTalk
Bent Flyvbjerg on Megaprojects
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