Over Budget, Over Time, and Reduced Revenue, Over and Over Again - An Analysis of the Norwegian Petroleum Industry's Inability to Forecast Production
Master thesis
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http://hdl.handle.net/11250/2566243Utgivelsesdato
2018-06Metadata
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Sammendrag
It is a well-known fact that many projects on the Norwegian Continental Shelf (NCS) have been completed with cost overruns and schedule delays. Similar cost- and schedule deviations have been documented in other industries, leading professor Flyvbjerg of Oxford University to propose the following “iron law of megaprojects”: “Over budget, over time, over and over again”. Not surprisingly, such overruns are eroding the economic value of the investments.
Beskrivelse
Master's thesis in Industrial economics