A Review Of Techniques Used To Assess The
Credibility Of A Business Case In Public Sector
Rail Projects
Author(s)
M.J. Gannon
Abstract
Building a business case for a rail project is a complex and demanding task
drawing on the professional skills of transport planners, economists, quantity
surveyors and engineers. The decision and policy makers need to be convinced
that the project sponsor is promoting a credible and robust business case that
reflects the scheme’s intended investment before giving the go-ahead for the
scheme. However despite these fundamental requirements with the business
case the rail industry is plagued with projects that have been granted approval,
by the decision and the policy makers, and have not delivered according to the
forecast business case proposed by project sponsors. In most projects the
conclusion that can be drawn is that costs were underestimated and benefits and
revenue were overestimated in the
Keywords
Related Book
Other papers in this volume
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