Flexibility in managing complex infrastructure projects: How flexibility enablers can facilitate the management of project complexity

Nowadays, infrastructure projects seem to become more complex and the project manager’s ability to control projects decreases. Therefore, it is crucial to adapt project management to cope with the emerging complexity. Flexibility options are explored to deal with the increasing complexity. To grasp complexity, a selection of the Technical,...

Added value of different approaches of real options in transportation infrastructure projects decision-making

The importance of including flexibility into transportation infrastructure projects decision-making is widely recognised. Real-option analysis (ROA) is a technique for valuing flexibility to adapt to an uncertain future which can be included in the traditional Cost-Benefit Analysis. However, current practice of real options in transportation...