THE HONG KONG INSTITUTE OF SURVEYORS

Code	:	2020111
Event Name	:	Project Overruns Revisit: From HK Express Rail Link to Nobel Prize
CPD Code	:	Formal Events
Speaker	:	Sr Dr Sandy Tang MUrb Des, MA, PhD, MHKIS, MRICS Dr Tang is the council member of the QS Division of HKIS and the Scheme Leader of the BSc (Hons) Scheme in Surveying and Built Environment at the School of Professional Education and Executive Development of the Hong Kong Polytechnic University. She steers the development of undergraduate programmes and professional training courses in the field of surveying and the built environment. She was the Head of the Office of General University Requirements (GUR) overseeing student Advising and coordinating the GUR in PolyU. Sandy had extensive experience in project management and QS practice in Hong Kong and Mainland China before joining the University. Her expertise and recent research interest cover the areas of competitive bidding, procurement, forecasting and contract administration. She is interested to pursue cross-disciplinary research to reveal practice and policy in the construction industry.
Event Date	:	2020-07-28
Event Time	:	7:00 pm - 8:30 pm
Registration Closing Date	:	2020-07-24
CPD Hour(s)	:	1.5
Venue	:	By online media – ZOOM
Division	:	QSD YSG
Organizer	:	Quantity Surveying Division and Young Surveyors Group
Fee	:	HK$150 for members; HK$210 for non-members
Priority	:	QSD & YSG Members; First-come-first-served
Language	:	Cantonese supplemented by English
Details	:	Investments in infrastructure are pivotal to support economic growth and sustain the competitiveness of a city. However, forecasts for construction costs and demand for mega infrastructure project are challenging for governments. With the investments in major infrastructure projects in HK in the recent decade, incidents of cost overruns and delay of major infrastructure are not new to the construction industry. Examples of these include Hong Kong-Zhuhai-Macao Bridge HK Related Projects, Guangzhou-Shenzhen-Hong Kong Express Rail Link, Shatin to Central Link. These mega projects ended up with alarming funding request in terms of tens of billions of additional public expenditures. The speaker will share with you an insight into the problem of cost overruns from two distinctive perspectives – technical perspective and psychological perspective. The seminar will present the cases study for cost overruns in mega projects. The analysis reveals the technical issues reported for the cost overruns and delay. The second part of the seminar will introduce a new perspective of revealing the problem of cost overruns in the lens of Nobel Laureate Daniel Kahneman’s theory on optimism bias. At the end of the seminar, the innovative approach by Bent Flyvbjerg for debiasing forecast for infrastructure projects and his study on Hong Kong’s projects will be discussed.
Remarks	:	**PQSL hours shall be determined by the APC candidate's respective Division The event will be conducted online via ZOOM. Successful registrants will be notified separately via email with the web link and password in due course to the online event . Please install the Zoom Application in advance at https://www.zoom.us/download. For Mobile phones, iPads & Android, install the ZOOM Cloud Meetings app from App Store or Play Store. For PC and Mac, download and install the Zoom Client for Meetings.
Payment	:	HKD 150
Face-to-Face/Zoom	:	Please refer to the remarks

1.	The registration fee is non-refundable and non-transferrable.
2.	A registration number will be generated for each application. The registration number is unique and non-transferrable. Members cannot proceed to payment if they do not apply the CPD event and obtain the registration number through the HKIS website.
3.	Payment can be made by cheque or by Credit Card (Shanghai Commercial Bank Ltd. / American Express). Cheques should be made payable to “SURVEYORS SERVICES LTD.”. A separate cheque or Credit Card payment instruction form is required for each event/ application. You should write down the registration number and HKIS membership number at the back of your cheque. The HKIS Secretariat will update the payment status and your application will be confirm when HKIS Secretariat receive your payment.
4.	Payment by PayPal is also acceptable. Please register in our web site before the closing date for each event. Please be reminded that if you cannot settle the payment within 7 days from the date the HKIS Secretariat accepted your registration, your registration number will be invalid and your application will be rejected. Your name will not be included in the registration list and you cannot attend the concerned CPD event. (Not applicable for site visit / social event / joint event with other organisation)
5.	An official receipt which must be presented at the event, will be available for downloading from the "CPD Profile" under Members Corners when payment is received.
6.	Incomplete or wrongly completed registration will not be processed.
7.	In the event a Typhoon Signal No. 8 or above or Black Rainstorm Warning is hoisted, the event will be postponed and a new arrangement will be announced. Should the aforesaid warnings be lowered 4 hours before the event, the event will proceed as normal.
8.	If you have not received any reply from HKIS Secretariat within 7 days of the event, you may call the Secretariat at 2526 3679 to check the progress of your registration.
9.	The HKIS reserves the right of final decision and interpretation in the case of any disputes.

1.	I confirm that I fully understand and accept the risk of joining the above visit. Under no circumstances shall The Hong Kong Institute of Surveyors ("HKIS"), their staff or agents be held liable for the consequence of any accidents whether or not they are caused by the negligence of the HKIS, their staff and/or agents.
2.	Members participating in the above visit shall be in good health condition.
3.	While the HKIS has arranged Group Personal Accident insurance for members joining the above visit, members who have been accepted for joining the above visit can consider procuring an appropriate insurance policy to cover their own risks before attending the event.
4.	Claims related to COVID-19 and/or pandemics are excluded under the insurance policy procured by the HKIS.