The empirical reality of IT project cost overruns: discovering a power-law distribution
If managers assume a normal or near-normal distribution of Information Technology (IT) project cost overruns, as is common, and cost overruns can be shown to follow a power-law distribution, managers may be unwittingly exposing their organizations to extreme risk by severely underestimating the prob...
Main Authors: | Flyvbjerg, B, Budzier, A, Lee, JS, Keil, M, Lunn, D, Bester, DW |
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Format: | Journal article |
Language: | English |
Published: |
Taylor and Francis
2022
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