Region: Global
Country: Global / Non-Specific
Topic: Financing and Risk Mitigation
Keywords: Knowledge Lab, Risk
Document Link(s):
Document Summary:
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.
Document Details:
- Unique - first book to provide a comprehensive, up-to-date examination of Megaprojects
- International scope and combination of theoretical analysis and empirical research will make it a valuable resource for academics, students, professionals, and decision-makers
- Offers original analysis and practical suggestions for the successful management of Megaprojects
Updated: April 12, 2022