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What is Infrastructure Project Planning Challenges about?

This document discusses problems, causes, and potential cures related to planning for large infrastructure projects. Major problems identified include widespread misinformation about project costs and benefits leading to high cost overruns (averaging 44.7% for rail, 33.8% for bridges/tunnels, 20.4% for roads) and benefit shortfalls. The causes of misinformation and risk are attributed to optimism bias and strategic misrepresentation during planning. Potential cures proposed include changing incentive struct

Author

stuntclash

Language

EN