Reducing risks in megaprojects: The potential of reference class forecasting

Large infrastructure projects often suffer from cost and schedule overruns, mainly due to optimism bias and strategic misrepresentation. Reference class forecasting (RCF) offers a potential remedy. This study presents a comprehensive analysis of the RCF literature with the aim of providing practitio...

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Bibliographic Details
Main Author: Rebekka Baerenbold
Format: Article
Language:English
Published: Elsevier 2023-12-01
Series:Project Leadership and Society
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2666721523000248