Alexander Budzier, B. Flyvbjerg, A. Garavaglia, Andreas Leed
{"title":"Quantitative Cost and Schedule Risk Analysis of Nuclear Waste Storage","authors":"Alexander Budzier, B. Flyvbjerg, A. Garavaglia, Andreas Leed","doi":"10.2139/ssrn.3303410","DOIUrl":null,"url":null,"abstract":"This study provides an independent, outside-in estimate of the cost and schedule risks of nuclear waste storage projects. Based on a reference class of 216 past, comparable projects, risk of cost overrun was found to be 202% or less, with 80% certainty, i.e., 20% risk of an overrun above 202%. Based on a reference class of 200 past, comparable projects, risk of schedule overrun was found to be 104% or less, with 80% certainty, i.e., 20% risk of overrun above 104%. Cost risk and schedule risk are both substantial for nuclear waste storage projects.","PeriodicalId":365212,"journal":{"name":"Environment & Natural Resources eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2018-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Environment & Natural Resources eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3303410","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 2
Abstract
This study provides an independent, outside-in estimate of the cost and schedule risks of nuclear waste storage projects. Based on a reference class of 216 past, comparable projects, risk of cost overrun was found to be 202% or less, with 80% certainty, i.e., 20% risk of an overrun above 202%. Based on a reference class of 200 past, comparable projects, risk of schedule overrun was found to be 104% or less, with 80% certainty, i.e., 20% risk of overrun above 104%. Cost risk and schedule risk are both substantial for nuclear waste storage projects.