Construct · 1 fields · 1 citations

power-law IT project cost overruns: a standalone construct

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power-law IT projectcost overruns1 CONSTRUCTPower-law IT projectFLYVBJERG · PROJECT MANAGEMENT

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Project management

the finding that IT project cost overruns follow a fat-tailed, power-law distribution, so extreme overruns are far more common than a normal model predicts.

In project management, power-law IT project cost overruns refers to the finding that IT project cost overruns follow a fat-tailed, power-law distribution, so extreme overruns are far more common than a normal model predicts. This meaning comes from Flyvbjerg (2022) in Journal of Management Information Systems.[1]

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Nearby constructs

cost4 fields · 4 citationsjingle · one word, four constructsdistribution2 fields · 2 citationsjingle · one word, two constructsfollow1 fields · 1 citationsanchor · a standalone construct

References

  1. Flyvbjerg, B., Budzier, A., Lee, J. S., Keil, M., Lunn, D., & Bester, D. W. (2022). The Empirical Reality of IT Project Cost Overruns: Discovering A Power-Law Distribution. Journal of Management Information Systems, 39(3), 607-639. https://doi.org/10.1080/07421222.2022.2096544

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