Siasat.pk Forums
Results 1 to 10 of 10
Subscribe To This Thread
  1. #1
    Expert IamWrongNumber's Avatar
    Join Date
    Dec 2010
    Location
    Lilyhammer, Norway
    Posts
    6,543
    Age
    32
    Post Thanks / Like

    15 of the world's biggest cost overrun projects

    15 of the world's biggest cost overrun projects

    Bent Flyvbjerg, professor of major programme management at the university of Oxford's Said Business School, says overruns in the order of 50 per cent in real terms are common for major infrastructure projects. He says this is because it is not uncommon for demand and benefit forecasts to be wrong by 20-70 per cent compared with actual development. Public passenger rail and urban projects tent to have especially big overruns.

    Here is the list,

    Canadian Firearms registry, initial cost forecast: CAN$ 2m cost, final cost: CAN$ 946m
    36,917% cost overrun


    Visegrad Hydroelectric Project, Yugoslavia, 5,142% cost overrun.


    Sydney Opera House, 1,400% cost overrun.


    M50 South East Motorway (Ireland), 556% cost overrun.


    Copenhagen metro, stage 2A+B, Norreport-Vanlose( Denmark), 386% cost overrun.



    Verrazano-narrows bridge (USA), 384% cost overrun.



    N2O Patrickswell Cork (Ireland), 370% cost overrun.



    Gezhouba Dam Project (China), 337% cost overrun.



    Guangzhou City Transport Project (China), 335% cost overrun.



    US 101 Helicopter (USA), 330% cost overrun.


    Boston Big Dig (USA), 324% cost overrun.



    Cuernavaca-Acapulco Toll Road (Mexico), 300% cost overrun.



    Humber Bridge (UK), 276% cost overrun.



    Dublin Port Tunnel (Ireland), 261% cost overrun.

    Nanchang jiujiang Highway (China), 255% cost overrun.

    Source:
    Centre for Major Programme Management, University of Oxford's Said Business School; Mckinsey and the London School of Economics.
    CImA's Financial Management Magazine, February 2013 publication

    sponsored links

     
    Quick reply to this message Reply  


  2. #2
    Professional AsifAmeer's Avatar
    Join Date
    Oct 2011
    Location
    USA
    Posts
    3,823
    Age
    92
    Post Thanks / Like
    Blog Entries
    8

    Re: 15 of the world's biggest cost overrun projects

    Imagine having this sort of cost overruns while running a private company...
    "City-States trade Commerce. Nation-States trade Wars" - Seneca
    Quick reply to this message Reply  


  3. #3
    Intermediate
    Join Date
    Mar 2010
    Location
    France
    Posts
    228
    Post Thanks / Like

    Re: 15 of the world's biggest cost overrun projects

    It seems, Nandipur power project will make its place into the list in the next issue of this Magazine
    Quick reply to this message Reply  


  4. #4
    Expert Believer12's Avatar
    Join Date
    Feb 2012
    Location
    Oslo
    Posts
    14,992
    Age
    28
    Post Thanks / Like

    Re: 15 of the world's biggest cost overrun projects

    you mean two to three hudred percent extra money use to build the same project.
    Quick reply to this message Reply  


  5. #5
    Advanced QADIANITRUTH's Avatar
    Join Date
    Jun 2010
    Posts
    1,151
    Post Thanks / Like

    Re: 15 of the world's biggest cost overrun projects

    Quote Originally Posted by AsifAmeer View Post
    Imagine having this sort of cost overruns while running a private company...
    You and your 7 generations are FIRED..

    Quick reply to this message Reply  


  6. #6
    Advanced
    Join Date
    Mar 2013
    Location
    lahore
    Posts
    2,009
    Age
    34
    Post Thanks / Like

    Re: 15 of the world's biggest cost overrun projects

    justification for PML(N) to pay 57 billion for Nandi Poor project which cost was 22 billion, initially.

    Mian mansha zinda bad.

    Arif habib Zinda Bad.

    sher aaya sher aaya.
    Quick reply to this message Reply  


  7. #7
    Advanced Quicqsolution's Avatar
    Join Date
    Jun 2012
    Location
    Islamabad
    Posts
    1,365
    Age
    25
    Post Thanks / Like

    Re: 15 of the world's biggest cost overrun projects

    I found this one from Pakistan.


    Quick reply to this message Reply  


  8. #8
    Professional AsifAmeer's Avatar
    Join Date
    Oct 2011
    Location
    USA
    Posts
    3,823
    Age
    92
    Post Thanks / Like
    Blog Entries
    8

    Re: 15 of the world's biggest cost overrun projects

    Wouldnt that be nice... Instead we have the likes of Krugman who suggest more cost overrunning to "stimulate" the economy.

    Quote Originally Posted by QADIANITRUTH View Post
    You and your 7 generations are FIRED..
    "City-States trade Commerce. Nation-States trade Wars" - Seneca
    Quick reply to this message Reply  


  9. #9
    Banned
    Join Date
    Aug 2013
    Location
    Lahore, Pakistan, Pakistan
    Posts
    72
    Age
    24
    Post Thanks / Like

    Re: 15 of the world's biggest cost overrun projects

    very informative post. great learning was available in your post. now one can learn how the projects can fail and how to handle them. now main point i am working on corporate and social ethics and here i got an example. as i went through your post i was very shocked because just one day before same article i had written and published in my blog, what a coincident. how hard it was to mention my name also in the sources, just ethics have died in our society and we want pious and truthful leader. pasting Muhammad Ali jinnah's foto as DP and stealing. shameful.
    origonal artile link http://123usman123.blogspot.com/
    Quick reply to this message Reply  


  10. #10
    Banned
    Join Date
    Aug 2013
    Location
    Lahore, Pakistan, Pakistan
    Posts
    72
    Age
    24
    Post Thanks / Like

    Re: 15 of the world's biggest cost overrun projects

    please also mention from were this article is taken.
    original article link
    http://123usman123.blogspot.com/
    Quick reply to this message Reply  


Quick Reply Quick Reply


Similar Threads

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •