Megaprojects and Risk: An Anatomy of Ambition / Edition 1by Bent Flyvbjerg, Nils Bruzelius, Werner Rothengatter
Pub. Date: 01/01/2003
Publisher: Cambridge University Press
Promoters of multi-billion dollar land-use development megaprojects systematically misinform parliaments, the public and the media in order to get them approved and built. This book not only explores these issues, but suggests practical solutions drawing on theory and scientific evidence from the several hundred projects in twenty nations and five continents. It is of interest to students, scholars, planners, economists, auditors, politicians and concerned citizens.
- Cambridge University Press
- Publication date:
- Edition description:
- New Edition
- Product dimensions:
- 5.98(w) x 8.98(h) x 0.63(d)
Table of Contents1. The Megaprojects paradox; 2. A calamitous history of cost overrun; 3. The demand for Megaprojects; 4. Substance and spin in Megaproject economics; 5. Environmental impacts and risk; 6. Regional and economic growth effects; 7. Dealing with risk; 8. Conventional Megaproject development; 9. Lessons of privatisation; 10. Four instruments of accountability; 11. Accountable Megaproject decision making; 12. Beyond the Megaprojects paradox; Appendix. Risk and accountability at work: a case study.
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Most Helpful Customer Reviews
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Every once in a while a little book comes along that, while small in size, carries sufficient intellectual weight to strike the body politic between the eyes, thereby getting its collective attention. This may be one such book. It offers a realistic look at megaprojects ¿ those major infrastructure endeavors that span vast bodies of water, dam natural resources to generate energy and extend rail lines to previously unreachable regions ¿ and compares the promises of these projects to what they actually deliver. The report card isn¿t very good. Cost overruns are typically 25% to 100%, and sometimes 200% or more. Worse yet, studies show that the public tends to use megaprojects ¿ be they airports or subway systems ¿ only a fraction of the amount predicted. We strongly recommends this book to politicians, legislators and anyone who wants to know the truth behind these huge infrastructure projects, as well as to CEOs, CFOs, project managers and risk officers in the private sector ¿ this applies to your projects, even if there is a difference of scale.