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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…

Physics and Society · Physics 2022-10-05 Bent Flyvbjerg , Alexander Budzier , Jong Seok Lee , Mark Keil , Daniel Lunn , Dirk W. Bester

Out-of-control information technology (IT) projects have ended the careers of top managers, such as EADS CEO Noel Forgeard and Levi Strauss' CIO David Bergen. Moreover, IT projects have brought down whole companies, like Kmart in the US and…

General Finance · Quantitative Finance 2013-04-17 Bent Flyvbjerg , Alexander Budzier

According to a study of The Standish Group International, 44% of software projects cost more and last longer than expected. More accurate the effort estimation is; the better the enterprise gets organized and the more the software project…

Software Engineering · Computer Science 2015-09-03 S Laqrichi , Didier Gourc , François Marmier

This study aims to assist Company leaders and management team in providing more accurate time and cost estimations for future software projects. This paper focuses on analyzing the relationship between project complexity and cost and time…

Software Engineering · Computer Science 2022-03-02 Mahta Taghi Zadeh , Rasha Kashef

Despite several scientific achievements in the last years, there are still a lot of IT projects that fail. Researchers found that one out of five IT-projects run out of time, budget or value. Major reasons for this failure are unexpected…

Software Engineering · Computer Science 2013-01-24 Gilbert Fridgen , Julia Heidemann

This article presents results from the first statistically significant study of causes of cost escalation in transport infrastructure projects. The study is based on a sample of 258 rail, bridge, tunnel and road projects worth US$90…

General Finance · Quantitative Finance 2013-04-17 Bent Flyvbjerg , Mette K. Skamris Holm , Søren L. Buhl

Academic research projects receive hundreds of billions of dollars of government investment each year. They complement business research projects by focusing on the generation of new foundational knowledge and addressing societal…

General Economics · Economics 2021-03-16 P. Alison Paprica

This article presents results from the first statistically significant study of cost escalation in transportation infrastructure projects. Based on a sample of 258 transportation infrastructure projects worth US$90 billion and representing…

General Finance · Quantitative Finance 2013-03-27 Bent Flyvbjerg , Mette K. Skamris Holm , Søren L. Buhl

The technical debt (TD) metaphor describes actions made during various stages of software development that lead to a more costly future regarding system maintenance and evolution. According to recent studies, on average 25% of development…

This article presents results from the first statistically significant study of traffic forecasts in transportation infrastructure projects. The sample used is the largest of its kind, covering 210 projects in 14 nations worth US$59…

General Finance · Quantitative Finance 2013-03-28 Bent Flyvbjerg , Mette Skamris Holm , Søren L. Buhl

Managing project risk is a key part of the successful implementation of any large project and is widely recognized as a best practice for public agencies to deliver infrastructures. The conventional method of identifying and evaluating…

Software Engineering · Computer Science 2023-11-27 Abdolmajid Erfani

This paper examines three independent explanatory variables and their relation with cost overrun in order to decide whether this is different for Dutch infrastructure projects compared to worldwide findings. The three independent variables…

General Finance · Quantitative Finance 2015-01-27 Chantal C. Cantarelli , Bert van Wee , Eric J. E. Molin , Bent Flyvbjerg

Research funding agencies routinely use a proportion of their total revenues to support internal administration and marketing costs. The ratio of administration to total costs, referred to as the administration ratio, is highly variable and…

General Finance · Quantitative Finance 2016-10-07 David R Walwyn

Many researchers assume that, for software analytics, "more data is better." We write to show that, at least for learning defect predictors, this may not be true. To demonstrate this, we analyzed hundreds of popular GitHub projects. These…

Software Engineering · Computer Science 2021-02-10 N. C. Shrikanth , Suvodeep Majumder , Tim Menzies

Technical debt is a metaphor used to convey the idea that doing things in a "quick and dirty" way when designing and constructing a software leads to a situation where one incurs more and more deferred future expenses. Similarly to…

Software Engineering · Computer Science 2019-04-03 Alvine Boaye Belle

Several surveys and studies have noticed that cost, and quality problems result from mistakes that occurred in the early phases of the projects, for instance: poor definition of the project vision and respective value for the organization;…

Software Engineering · Computer Science 2022-06-30 Alberto Rodrigues da Silva

This paper investigates two aspects of process thinking that affect the success rate of IT projects. These two aspects are the changes in the structure of organizations and the epistemology of Information Systems Development. Firstly, the…

Other Computer Science · Computer Science 2007-05-23 Mark Dumay

Transformational outsourcing represents a strategic shift from traditional cost-focused outsourcing to a more profound and collaborative approach. It involves partnering with service providers to accomplish routine tasks and drive…

Software Engineering · Computer Science 2024-05-06 Mohammad Ikbal Hossain , Tanzina Sultana , Waheda Zabeen , Alexander Fosu Sarpong

It is no secret that many projects fail, regardless of the business sector, software projects are notoriously disaster victims, not necessarily because of technological failure, but more often due to their uncertainties. The threats…

Software Engineering · Computer Science 2014-12-12 Marcelo Marinho , Suzana Sampaio , Telma Lima , Hermano Moura

Information and Communication Technologies (ICT) has practically penetrated into all spheres of life. Therefore a closer look at the impact of ICT in public financial management and performance is highly justified. Public finance is defined…

Other Computer Science · Computer Science 2008-12-08 Amos David
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