EDITOR'S NOTES | Issue 5-28

Depending on the perspective, project underestimates and cost overruns are necessary evils. In the first comprehensive study¹ of its kind, researchers found that project underestimates, and therefore cost overruns, on transportation infrastructure projects occur in nine out of every 10 projects (including fixed-price projects). The problem is obviously not confined to transportation. The study reported similar ... Log in to view the full text.