'Projects running over budget and behind schedule are commonplace. Yet our knowledge about the causes remained piecemeal and scattered across various scholarly fields. The impressive review of the insights on the causes and consequences of such overruns offered in this book thus is highly topical - and the proposed model promises to enhance project management in practice just as much as scholarly research on the topic.' Stefan Linder, ESSEC Business School, France
1. Introduction; 2. Project planning, cost estimates and deviations in major projects; 3. The consequences of cost overrun; 4. A model of cost overrun and growth; 5. The logic of economics versus the logic politics; 6. Explaining cost overrun, summary and conclusions.