LARGE-SCALE TRANSPORT PROJECTS: ACCURACY IN COST ESTIMATION
M.V. Pyataev
Siberian Transport University, Novosibirsk, Russian Federation
Keywords: project management, cost overrun, large-scale projects, transport infrastructure, megaprojects, overspending
Abstract
Currently, several studies have been conducted about overspending of funds in large-scale projects, including transport. International studies show that overspending by 20-100 % is not an exception, but an established fact. The article presents the results of comparing the estimated cost with the actual costs for several large-scale transport projects that were implemented on the territory of Russia. The conclusion is made about the need for a systematic analysis when evaluating the effectiveness of projects of this class.
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