Megaprojects And Risk

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Megaprojects and Risk

Author : Bent Flyvbjerg
Publisher : Cambridge University Press
ISBN 13 : 9780521009461
Total Pages : 226 pages
Book Rating : 4.0/5 (94 download)

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Book Synopsis Megaprojects and Risk by : Bent Flyvbjerg

Download or read book Megaprojects and Risk written by Bent Flyvbjerg and published by Cambridge University Press. This book was released on 2003-02-13 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Megaprojects and Risk provides the first detailed examination of the phenomenon of megaprojects. It is a fascinating account of how the promoters of multi-billion dollar megaprojects systematically and self-servingly misinform parliaments, the public and the media in order to get projects approved and built. It shows, in unusual depth, how the formula for approval is an unhealthy cocktail of underestimated costs, overestimated revenues, undervalued environmental impacts and overvalued economic development effects. This results in projects that are extremely risky, but where the risk is concealed from MPs, taxpayers and investors. The authors not only explore the problems but also suggest practical solutions drawing on theory, experience and hard, scientific evidence from the several hundred projects in twenty nations and five continents that illustrate the book. Accessibly written, it will be the standard reference for students, scholars, planners, economists, auditors, politicians and interested citizens for many years to come.

Megaproject Management

Author : Virginia A. Greiman
Publisher : John Wiley & Sons
ISBN 13 : 1118115473
Total Pages : 496 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Megaproject Management by : Virginia A. Greiman

Download or read book Megaproject Management written by Virginia A. Greiman and published by John Wiley & Sons. This book was released on 2013-06-17 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project management lessons learned on the Big Dig, America's biggest megaproject, by a core member responsible for its daily operations In Megaproject Management, a central member of the Big Dig team reveals the numerous risks, challenges, and accomplishments of the most complex urban infrastructure project in the history of the United States. Drawing on personal experience and interviews with project engineers, executive oversight commission officials, and core managers, the author, a former deputy counsel and risk manager for the Big Dig, develops new insights as she describes the realities of day-to-day management of the project from a project manager's perspective. The book incorporates both theory and practice and is therefore highly recommended to policymakers, academics, and project management practitioners. Focusing on lessons learned, this insightful coursebook presents the Big Dig as a massive case study in the management of risk, cost, and schedule, particularly the interrelation of technical, legal, political, and social factors. It provides an analysis of the difficulties in managing megaprojects during each phase and over the life span of the project, while delivering useful lessons on why projects go wrong and what can be done to prevent project failure. It also offers new ideas to enhance project management performance and innovation in our global society. This unique guide: Defines megaproject characteristics and frameworks Reviews the Big Dig's history, stakeholders, and governance Examines the project's management scope, scheduling, and cost management—including project delays and cost overruns Analyzes the Big Dig's risk management and quality management Reveals how to build a sustainable project through integration and change introduction

Megaproject Risk Analysis and Simulation

Author : Prince Boateng
Publisher : Emerald Group Publishing
ISBN 13 : 1787143015
Total Pages : 360 pages
Book Rating : 4.7/5 (871 download)

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Book Synopsis Megaproject Risk Analysis and Simulation by : Prince Boateng

Download or read book Megaproject Risk Analysis and Simulation written by Prince Boateng and published by Emerald Group Publishing. This book was released on 2017-04-28 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing new knowledge on risk analysis and simulation for megaprojects, this book is essential reading for both academics and practitioners. Its focus is on technical descriptions of a newly developed dynamic systems approach to megaproject risk analysis and simulation.

The Oxford Handbook of Megaproject Management

Author : Bent Flyvbjerg
Publisher : Oxford University Press
ISBN 13 : 0198732244
Total Pages : 625 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis The Oxford Handbook of Megaproject Management by : Bent Flyvbjerg

Download or read book The Oxford Handbook of Megaproject Management written by Bent Flyvbjerg and published by Oxford University Press. This book was released on 2017 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook provides state-of-the-art scholarship in the emerging field of megaproject management. The 25 chapters cover all aspects of megaproject management, from front-end planning to actual project delivery, including how to deal with stakeholders, risk, finance, complexity, innovation, governance, ethics, project breakdowns, and scale itself.

Industrial Megaprojects

Author : Edward W. Merrow
Publisher : John Wiley & Sons
ISBN 13 : 047093882X
Total Pages : 388 pages
Book Rating : 4.4/5 (79 download)

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Book Synopsis Industrial Megaprojects by : Edward W. Merrow

Download or read book Industrial Megaprojects written by Edward W. Merrow and published by John Wiley & Sons. This book was released on 2011-05-03 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Avoid common pitfalls in large-scale projects using these smart strategies Over half of large-scale engineering and construction projects—off-shore oil platforms, chemical plants, metals processing, dams, and similar projects—have miserably poor results. These include billions of dollars in overruns, long delays in design and construction, and poor operability once finally completed. Industrial Megaprojects gives you a clear, nontechnical understanding of why these major projects get into trouble, and how your company can prevent hazardous and costly errors when undertaking such large technical and management challenges. Clearly explains the underlying causes of over-budget, delayed, and unsafe megaprojects Examines effects of poor project management, destructive team behaviors, weak accountability systems, short-term focus, and lack of investment in technical expertise Author is the CEO of the leading consulting firm for evaluating billion-dollar projects Companies worldwide are rethinking their large-scale projects. Industrial Megaprojects is your essential guide for this rethink, offering the tools and principles that are the true foundation of safe, cost-effective, successful megaprojects.

Decision-making on Mega-projects

Author : Hugo Priemus
Publisher : Edward Elgar Publishing
ISBN 13 : 1848440170
Total Pages : 353 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis Decision-making on Mega-projects by : Hugo Priemus

Download or read book Decision-making on Mega-projects written by Hugo Priemus and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: It will be useful for those experienced and senior professionals who are charged with authorizing and controlling projects. Recommended. P.F. Rad, Choice Building on the seminal work of Bent Flyvbjerg, this book is a collection of expert contributions that will prove essential to anyone wanting to understand why mega-projects go wrong and how they can be made to work better. Professor Sir Peter Hall, University College London, UK This book offers a refreshing and fascinating look at mega-projects from the perspective of public evaluation and planning. With the changing role of the public sector in planning and implementing large-scale projects and a subsequent strong emergence of private public modes of operation, mega-projects have become a problematic phenomenon. This volume is a major source of information and reference. It provides the reader with unique insights and caveats in mega-projects planning. Peter Nijkamp, VU University Amsterdam, The Netherlands This book enlarges the understanding of decision-making on mega-projects and suggest recommendations for a more effective, efficient and democratic approach. Authors from different scientific disciplines address various aspects of the decision-making process, such as management characteristics and cost benefit analysis, planning and innovation and competition and institutions. The subject matter is highly diverse, but certain questions remain at the forefront. For example, how do we deal with protracted preparation processes, how do we tackle risks and uncertainties, and how can we best divide the risks and responsibilities among the private and public players throughout the different phases of the project? Presenting a state-of-the-art overview, based on experiences and visions of authors from Europe and North America, this unique book will be of interest to practitioners of large-scale project management, politicians, public officials and private organisations involved in mega-project decision-making. It will also appeal to researchers, consultants and students dealing with substantial engineering projects, complex systems, project management and transport infrastructure.

Socioeconomic Evaluation of Megaprojects

Author : Markku Lehtonen
Publisher : Taylor & Francis
ISBN 13 : 1317222075
Total Pages : 264 pages
Book Rating : 4.3/5 (172 download)

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Book Synopsis Socioeconomic Evaluation of Megaprojects by : Markku Lehtonen

Download or read book Socioeconomic Evaluation of Megaprojects written by Markku Lehtonen and published by Taylor & Francis. This book was released on 2016-11-22 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The governance and evaluation of ‘megaprojects’ – that is, large-scale, complex, high-stakes infrastructure projects usually commissioned by governments and delivered through partnerships between public and private organisations – is receiving increased attention. However, megaproject evaluation has hitherto largely adopted a linear-rationalist perspective to explain the frequent failure of such projects to meet the ‘iron triangle’ of performance criteria: delivering on time, within budget, and according to specifications. This approach recommends greater control and accountability to remedy megaproject ‘pathologies’. Drawing on empirical examples mainly from the transport sector and radioactive waste disposal, this book offers new perspectives to megaproject evaluation. Comprising contributions from leading experts in project evaluation and appraisal, this collection opens up new avenues by suggesting two ways of improving megaproject evaluation: 1) approaches that go beyond the dominant linearrationalist notion of policy processes, and emphasise instead the objective of opening up appraisal processes in order to enhance learning and reflexivity; and 2) approaches that extend evaluative criteria beyond the ‘iron triangle’, to cover the various socioeconomic impacts and preconditions for project success. This volume will be of great relevance to scholars and practitioners with an interest in megaprojects, energy and climate policy, radioactive waste management, urban design, and project planning and management.

International Handbook on Mega-Projects

Author : Hugo Priemus
Publisher : Edward Elgar Publishing
ISBN 13 : 1781002304
Total Pages : 479 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis International Handbook on Mega-Projects by : Hugo Priemus

Download or read book International Handbook on Mega-Projects written by Hugo Priemus and published by Edward Elgar Publishing. This book was released on 2013-11-29 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing crucial background information for those who want to understand decision-making processes on large transport infrastructure projects, this fascinating Handbook will prove an important source of information for academics, researchers and stude

Improving Project Management in the Department of Energy

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309172780
Total Pages : 149 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Improving Project Management in the Department of Energy by : National Research Council

Download or read book Improving Project Management in the Department of Energy written by National Research Council and published by National Academies Press. This book was released on 1999-09-22 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Department of Energy has been at the center of many of the greatest achievements in science and engineering in this century. DOE spends billions of dollars funding projects-and plans to keep on spending at this rate. But, documentation shows that DOE's construction and environmental remediation projects take much longer and cost 50% more than comparable projects undertaken by other federal agencies, calling into question DOE's procedures and project management. What are the root causes for these problems?

Advanced Construction Project Management

Author : Christian Brockmann
Publisher : John Wiley & Sons
ISBN 13 : 1119554756
Total Pages : 304 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis Advanced Construction Project Management by : Christian Brockmann

Download or read book Advanced Construction Project Management written by Christian Brockmann and published by John Wiley & Sons. This book was released on 2020-12-31 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential guide to the structure, dynamics, and management of construction megaprojects Advanced Construction Project Management is a comprehensive resource that covers the myriad aspects of implementing a megaproject from a contractor’s perspective. With many years’ experience of managing construction megaprojects, the author provides an in-depth exploration of the structure, dynamics and management of these demanding projects. In addition, the book gives all stakeholders a clear understanding of the complexity of megaprojects and offers contractors the insight and essential tools needed for achieving results. As the trend to plan and implement ever-larger projects looks likely to continue into the future, the need for a guide to understand the challenges of managing a megaproject couldn’t be greater. Comprehensive in scope, the book explores the theoretical background, economics, complexity, phases, strategic planning, engineering, coordination, and common challenges of megaprojects. The book also provides the tools for managing stakeholder integration. This important book: Describes the structure, dynamics and management of megaprojects Explores the management activities required and examines the appropriate tools for the management of megaprojects Includes tools for stakeholder integration Provides an advanced understanding of construction management concepts Written for managers, project managers and engineers, and cost consultants, Advanced Construction Project Management covers, in one complete volume, the information needed to lead a successful project.

Mega-Projects

Author : Alan A. Altshuler
Publisher : Rowman & Littlefield
ISBN 13 : 9780815701309
Total Pages : 356 pages
Book Rating : 4.7/5 (13 download)

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Book Synopsis Mega-Projects by : Alan A. Altshuler

Download or read book Mega-Projects written by Alan A. Altshuler and published by Rowman & Littlefield. This book was released on 2004-05-13 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Lincoln Institute of Land Policy publication Since the demise of urban renewal in the early 1970s, the politics of large-scale public investment in and around major American cities has received little scholarly attention. In Mega-Projects, Alan Altshuler and David Luberoff analyze the unprecedented wave of large-scale (mega-) public investments that occurred in American cities during the 1950s and 1960s; the social upheavals they triggered, which derailed large numbers of projects during the late 1960s and early 1970s; and the political impulses that have shaped a new generation of urban mega-projects in the decades since. They also appraise the most important consequences of policy shifts over this half-century and draw out common themes from the rich variety of programmatic and project developments that they chronicle. The authors integrate narratives of national as well as state and local policymaking, and of mobilization by (mainly local) project advocates, with a profound examination of how well leading theories of urban politics explain the observed realities. The specific cases they analyze include a wide mix of transportation and downtown revitalization projects, drawn from numerous regions—most notably Boston, Denver, Los Angeles, New York City, Chicago, Atlanta, Dallas, Portland, and Seattle. While their original research focuses on highway, airport, and rail transit programs and projects, they draw as well on the work of others to analyze the politics of public investment in urban renewal, downtown retailing, convention centers, and professional sports facilities. In comparing their findings with leading theories of urban and American politics, Altshuler and Luberoff arrive at some surprising findings about which perform best and also reveal some important gaps in the literature as a whole. In a concluding chapter, they examine the potential effects of new fiscal pressures, business mobilization to relax environmental constraints, and security concerns in the wake of September 11. And they make clear their own views about how best to achieve a balance between developmental, environmental, and democratic values in public investment decisionmaking. Integrating fifty years of urban development history with leading theories of urban and American politics, Mega-Projects provides significant new insights into urban and intergovernmental politics.

Project Risk and Opportunity Management

Author : Agnar Johansen
Publisher : Routledge
ISBN 13 : 0429773404
Total Pages : 141 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Project Risk and Opportunity Management by : Agnar Johansen

Download or read book Project Risk and Opportunity Management written by Agnar Johansen and published by Routledge. This book was released on 2019-03-29 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective risk and opportunity management is key to the successful delivery of any major engineering and construction project. This book looks at how all those involved can manage risk and capitalise on the opportunities that uncertainty present. The authors of this book highlight that uncertainties should be managed rather than avoided. This book will look at simple projects with a small team, to megaprojects where some hundreds of people are involved, and the consequences of delays or unforeseen costs. However, while the obvious risks can be planned for, the authors argue that it is often the opportunities in these situations that can have unexploited potential. This book is about opportunity management seen from the owner’s perspective. It will be an invaluable resource for those studying Engineering both undergraduate and postgraduate and set out ways in which projects should be managed from planning to completion. This book is also a great tool for those working in project management and the construction industry. While there are many books that demonstrate effective construction management, this book is the first of its kind to emphasise that there is opportunity in uncertainty, and possibility in the unexpected.

Megaprojects and Risk

Author : Bent Flyvbjerg
Publisher :
ISBN 13 : 9781139930970
Total Pages : pages
Book Rating : 4.9/5 (39 download)

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Book Synopsis Megaprojects and Risk by : Bent Flyvbjerg

Download or read book Megaprojects and Risk written by Bent Flyvbjerg and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Procuring Successful Mega-Projects

Author : Ms Louise Hart
Publisher : Ashgate Publishing, Ltd.
ISBN 13 : 1472455088
Total Pages : 313 pages
Book Rating : 4.4/5 (724 download)

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Book Synopsis Procuring Successful Mega-Projects by : Ms Louise Hart

Download or read book Procuring Successful Mega-Projects written by Ms Louise Hart and published by Ashgate Publishing, Ltd.. This book was released on 2015-08-28 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mistakes on mega-projects continue to embarrass Governments all over the world. No country has been immune from such fiascos, but the failures are eminently avoidable - if you know how. Governments don’t need the costs of failure, they don’t need the aggravation. They do need Louise Hart’s Procuring Successful Mega-Projects. Within the context of large public projects, the author explains how to structure the project, how to build and manage a team, how to run the procurement process and how to ensure that the handover to the delivery phase is not a hospital pass.

The Strategic Management of Large Engineering Projects

Author : Roger Miller
Publisher : MIT Press
ISBN 13 : 9780262263511
Total Pages : 268 pages
Book Rating : 4.2/5 (635 download)

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Book Synopsis The Strategic Management of Large Engineering Projects by : Roger Miller

Download or read book The Strategic Management of Large Engineering Projects written by Roger Miller and published by MIT Press. This book was released on 2001-03-12 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is based on an international research project that analyzed sixty LEPs, among them the Boston Harbor cleanup; the first phase of subway construction in Ankara, Turkey; a hydro dam on the Caroni River in Venezuela; and the construction of offshore oil platforms west of Flor, Norway. As the number, complexity, and scope of large engineering projects (LEPs) increase worldwide, the huge stakes may endanger the survival of corporations and threaten the stability of countries that approach these projects unprepared. According to the authors, the "front-end" engineering of institutional arrangements and strategic systems is a far greater determinant of an LEP's success than are the more tangible aspects of project engineering and management. The book is based on an international research project that analyzed sixty LEPs, among them the Boston Harbor cleanup; the first phase of subway construction in Ankara, Turkey; a hydro dam on the Caroni River in Venezuela; and the construction of offshore oil platforms west of Flor, Norway. The authors use the research results to develop an experience-based theoretical framework that will allow managers to understand and respond to the complexity and uncertainty inherent in all LEPs. In addition to managers and scholars of large-scale projects, the book will be of interest to those studying the relationship between institutions and strategy, risk management, and corporate governance in general. Contributors Bjorn Andersen, Richard Brealey, Ian Cooper, Serghei Floricel, Michel Habib, Brian Hobbs, Donald R. Lessard, Pascale Michaud, Roger Miller, Xavier Olleros

Policy and Planning for Large Infrastructure Projects

Author : Bent Flyvbjerg
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

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Book Synopsis Policy and Planning for Large Infrastructure Projects by : Bent Flyvbjerg

Download or read book Policy and Planning for Large Infrastructure Projects written by Bent Flyvbjerg and published by World Bank Publications. This book was released on 2005 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: "This paper focuses on problems and their causes and cures in policy and planning for large infrastructure projects. First, it identifies as the main problem in major infrastructure development pervasive misinformation about the costs, benefits, and risks involved. A consequence of misinformation is massive cost overruns, benefit shortfalls, and waste. Second, the paper explores the causes of misinformation and finds that political-economic explanations best account for the available evidence: planners and promoters deliberately misrepresent costs, benefits, and risks in order to increase the likelihood that it is their projects, and not the competition's, that gain approval and funding. This results in the "survival of the unfittest," where often it is not the best projects that are built, but the most misrepresented ones. Finally, the paper presents measures for reforming policy and planning for large infrastructure projects, with a focus on better planning methods and changed governance structures, the latter being more important."--World Bank web site.

Managing Gigaprojects

Author : Patricia D. Galloway
Publisher : Amer Society of Civil Engineers
ISBN 13 : 9780784412381
Total Pages : 437 pages
Book Rating : 4.4/5 (123 download)

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Book Synopsis Managing Gigaprojects by : Patricia D. Galloway

Download or read book Managing Gigaprojects written by Patricia D. Galloway and published by Amer Society of Civil Engineers. This book was released on 2013 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: Galloway, Nielsen, and Dignum assemble a stellar group of financial, legal, and construction professionals who share lessons learned and best practices developed from working on the world's biggest infrastructure construction projects.