Megaprojects and Risk
An Anatomy of Ambition
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Estimated delivery time: In stock at the publisher, but not at Prospero's office. Delivery time approx. 3-5 weeks.
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Product details:
- Publisher Cambridge University Press
- Date of Publication 13 February 2003
- ISBN 9780521009461
- Binding Paperback
- No. of pages215 pages
- Size 228x153x16 mm
- Weight 367 g
- Language English
- Illustrations 13 b/w illus. 10 tables 0
Categories
Short description:
A fascinating account of the problems and possible solutions involved in managing megaprojects.
MoreLong description:
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.
'Life is too short to read every tome penned by Scandinavian and German social scientists. But Megaprojects and Risk, written by Bent Flyvbjerg, Nils Bruzelius and Werner Rothengatter, is a cracker. In lurid and startling detail it examines dozens of vast construction schemes around the world.' The Times
Table of Contents:
1. 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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