Megaprojects and Risk: An Anatomy of Ambition

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Cambridge University Press, Feb 13, 2003 - Business & Economics - 207 pages
2 Reviews
This book is a fascinating account of how 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. The authors not only explore the problems but also suggest practical solutions drawing on theory and 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 in its field for students, scholars, planners, economists, auditors, politicians and interested citizens for many years to come.
 

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User Review  - mortensengarth - LibraryThing

Read book and interviewed author while searching for factors influencing success of Beijing Olympics. Points out that many megaprojects overshoot original expected costs due to lack of accountability ... Read full review

Contents

The megaprojects paradox
1
A calamitous history of cost overrun
11
The demand for megaprojects
22
Substance and spin in megaproject economics
32
Environmental impacts and risks
49
Regional and economic growth effects
65
Dealing with risk
73
Conventional megaproject development
86
Four instruments of accountability
107
Accountable megaproject decision making
125
Beyond the megaprojects paradox
136
Risk and accountability at work a case study
143
Notes
152
Bibliography
180
Index
201
Copyright

Lessons of privatisation
92

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About the author (2003)

Bent Flyvbjerg is Founding Chair of Major Programme Management at Oxford University's Sad Business School and Director of the Oxford Centre for Major Programme Management. Previously, he was Professor in the Department of Planning and Development at Aalborg University. He is the author of the highly successful Making Social Science Matter (Cambridge, 2001) and Rationality and Power (1998).

Nils Bruzelius is Associate Professor at Stockholm University and an independent consultant on transport and planning.

Werner Rothengatter is Head of the Institute of Economic Policy Research and of the Unit on Transport and Communication at the University of Karlsruhe, Germany. He is also the president of the World Congress on Transport Research Society (WCTRS).