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• W615593294 abstract "Investment decisions are rarely made with future impacts known for certain. Minimising this uncertainty plays a large part in any case for funding. A number of authors have considered the role that bias plays in influencing ex ante cost benefit results - e.g. Mackie and Preston (1998) and Flyveberg (2007). Completing an ex post appraisal is one method that can be used to determine whether in reality the impacts of an investment or part of it are anyway similar to that expected/ forecast in the ex ante cost-benefit analtsis (CBA) submitted (e.g. are the expected time savings in reality of the same magnitude as those forecast) and to investigate the causes of any differences. This paper describes the results of a research project (completed in 2011) funded by DG REGIO, which focused on the ex post evaluation of ten large transport projects in European Union (EU) countries benefiting from EU Cohesion and ISPA funding during the period 2000-2006. The aim was to evaluate the ex post impacts of these projects and in comparing an ex post Cost Benefit Analysis (CBA) appraisal carried out as part of the research with the original ex ante CBA submitted to the EC determine whether any differences exist the impacts were realised and consider what recommendation could be made for improving the ex ante guidelines. The paper reviews the ex post literature and describes the key findings and recommendations." @default.
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• W615593294 date "2012-01-01" @default.
• W615593294 modified "2023-09-23" @default.
• W615593294 title "Ex Post Appraisal: What Lessons Can Be Learnt from EU Cohesion Funded Transport Projects" @default.
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