IEEE - Institute of Electrical and Electronics Engineers, Inc. - Does the Planning Fallacy Prevail in Social Infrastructure Projects? Empirical Evidence and Competing Explanations

Author(s): Peter E. D. Love ; Lavagnon A. Ika ; Michael C. P. Sing
Sponsor(s): IEEE Technology Management Council
Publisher: IEEE - Institute of Electrical and Electronics Engineers, Inc.
Volume: PP
Page(s): 1 - 15
ISSN (Electronic): 1558-0040
ISSN (Paper): 0018-9391
DOI: 10.1109/TEM.2019.2944161
Regular:

The planning fallacy is at play in projects when optimism bias and/or strategic misrepresentation are present. We examine the cost performance of approximately US$ 6.5 billion worth of social... View More

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