• Avoiding Cost Overrun Through Stochastic Cost Estimation and External Quality Assurance 

      Welde, Morten; Klakegg, Ole Jonny (Peer reviewed; Journal article, 2022)
      Cost overruns are a threat to project performance and continue to attract interest in both the popular media and the academic literature. Numerous studies from all continents have demonstrated that overruns remain prevalent ...
    • Evaluation of Probabilistic Project Cost Estimates 

      Jørgensen, Magne; Welde, Morten; Halkjelsvik, Torleif (Journal article; Peer reviewed, 2021)
      Evaluation of cost estimates should be fair and give incentives for accuracy. These goals, we argue, are challenged by a lack of precision in what is meant by a cost estimate and the use of evaluation measures that do not ...