Megaprojects And Risk

Author : Bent Flyvbjerg,Nils Bruzelius,Werner Rothengatter
Publisher : Cambridge University Press
Page : 226 pages
File Size : 44,7 Mb
Release : 2003-02-13
Category : Business & Economics
ISBN : 0521009464

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Megaprojects and Risk by Bent Flyvbjerg,Nils Bruzelius,Werner Rothengatter Pdf

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.

Author : Prince Boateng,Zhen Chen,Stephen O. Ogunlana
Publisher : Emerald Group Publishing
Page : 360 pages
File Size : 54,5 Mb
Release : 2017-04-28
Category : Business & Economics
ISBN : 9781787143012

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Megaproject Risk Analysis and Simulation by Prince Boateng,Zhen Chen,Stephen O. Ogunlana Pdf

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.

Author : Virginia A. Greiman
Publisher : John Wiley & Sons
Page : 496 pages
File Size : 42,8 Mb
Release : 2013-06-17
Category : Business & Economics
ISBN : 9781118115473

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Megaproject Management by Virginia A. Greiman Pdf

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

Author : Bent Flyvbjerg
Publisher : Oxford University Press
Page : 625 pages
File Size : 46,6 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780198732242

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The Oxford Handbook of Megaproject Management by Bent Flyvbjerg Pdf

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.

Author : Edward W. Merrow
Publisher : John Wiley & Sons
Page : 388 pages
File Size : 54,6 Mb
Release : 2011-05-03
Category : Business & Economics
ISBN : 9780470938829

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Industrial Megaprojects by Edward W. Merrow Pdf

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.

Author : Alan A. Altshuler,David E. Luberoff
Publisher : Rowman & Littlefield
Page : 356 pages
File Size : 45,5 Mb
Release : 2004-05-13
Category : Political Science
ISBN : 0815701306

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Mega-Projects by Alan A. Altshuler,David E. Luberoff Pdf

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.

Author : Hugo Priemus,Bent Flyvbjerg,Bert van Wee
Publisher : Edward Elgar Publishing
Page : 353 pages
File Size : 52,7 Mb
Release : 2008-01-01
Category : Business & Economics
ISBN : 9781848440173

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Decision-making on Mega-projects by Hugo Priemus,Bent Flyvbjerg,Bert van Wee Pdf

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.

Author : Markku Lehtonen,Pierre-Benoît Joly,Luis Aparicio
Publisher : Taylor & Francis
Page : 264 pages
File Size : 40,5 Mb
Release : 2016-11-22
Category : Business & Economics
ISBN : 9781317222071

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Socioeconomic Evaluation of Megaprojects by Markku Lehtonen,Pierre-Benoît Joly,Luis Aparicio Pdf

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.

Author : Bent Flyvbjerg
Publisher : Unknown
Page : 128 pages
File Size : 45,9 Mb
Release : 2002
Category : Electronic
ISBN : 1139930974

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Megaprojects and Risk by Bent Flyvbjerg Pdf

Author : Hugo Priemus,Bert van Wee
Publisher : Edward Elgar Publishing
Page : 480 pages
File Size : 44,8 Mb
Release : 2013-11-29
Category : Business & Economics
ISBN : 9781781002308

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International Handbook on Mega-Projects by Hugo Priemus,Bert van Wee Pdf

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

Author : Terry Smith
Publisher : Random House Business Books
Page : 230 pages
File Size : 53,8 Mb
Release : 1996
Category : Business & Economics
ISBN : NWU:35556026058677

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Accounting for Growth by Terry Smith Pdf

This new edition of Accounting for Growth is a ruthless exposure of the accountancy practices which are used to bemuse the investing public and cast a rosy glow over the accounts of companies which in some cases were on the verge of bankruptcy.

Author : Roger Miller,Donald R. Lessard
Publisher : MIT Press
Page : 268 pages
File Size : 42,5 Mb
Release : 2001-03-12
Category : Business & Economics
ISBN : 0262263513

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The Strategic Management of Large Engineering Projects by Roger Miller,Donald R. Lessard Pdf

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

Author : Agnar Johansen,Nils O. E. Olsson,George Jergeas,Asbjørn Rolstadås
Publisher : Routledge
Page : 141 pages
File Size : 49,6 Mb
Release : 2019-03-29
Category : Business & Economics
ISBN : 9780429773402

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Project Risk and Opportunity Management by Agnar Johansen,Nils O. E. Olsson,George Jergeas,Asbjørn Rolstadås Pdf

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.

Author : National Research Council,Division on Engineering and Physical Sciences,Commission on Engineering and Technical Systems,Committee to Assess the Policies and Practices of the Department of Energy to Design, Manage, and Procure Environmental Restoration, Waste Management, and Other Construction Projects
Publisher : National Academies Press
Page : 149 pages
File Size : 50,6 Mb
Release : 1999-09-22
Category : Science
ISBN : 9780309172783

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Improving Project Management in the Department of Energy by National Research Council,Division on Engineering and Physical Sciences,Commission on Engineering and Technical Systems,Committee to Assess the Policies and Practices of the Department of Energy to Design, Manage, and Procure Environmental Restoration, Waste Management, and Other Construction Projects Pdf

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?

Author : Gerardo del Cerro Santamaria
Publisher : Emerald Group Publishing
Page : 404 pages
File Size : 42,8 Mb
Release : 2013-06-06
Category : Social Science
ISBN : 9781781905937

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Urban Megaprojects by Gerardo del Cerro Santamaria Pdf

This book discusses the economic and political conditions that facilitate megaproject implementation and what are the impacts on urbanity and livability of such costly mode of urban development. It includes contributions from sociologists, planners, geographers and architects making it a truly multidisciplinary project.