TY - BOOK
T1 - Megaprojects and risk
T2 - an anatomy of ambition
AU - Flyvbjerg, Bent
AU - Bruzelius, Niels
AU - Rothengatter, Werner
PY - 2005
Y1 - 2005
N2 - Megaprojects and Risk provides the first detailed examination of the phenomenon of megaprojects. It is an account of how the promoters of multibillion-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 Machiavellian 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, with huge cost overruns and
revenue failures, but where this is concealed from MPs, taxpayers and investors until it is too late. The authors not only explore the problems but also suggest
practical solutions drawing on theory and hard, scientific evidence from the several hundred projects in twenty nations that illustrate the book.
AB - Megaprojects and Risk provides the first detailed examination of the phenomenon of megaprojects. It is an account of how the promoters of multibillion-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 Machiavellian 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, with huge cost overruns and
revenue failures, but where this is concealed from MPs, taxpayers and investors until it is too late. The authors not only explore the problems but also suggest
practical solutions drawing on theory and hard, scientific evidence from the several hundred projects in twenty nations that illustrate the book.
KW - megaprojects
KW - risk
KW - cost overrun
KW - revenue failure
KW - benefit shortfall
KW - environmental impact assessment
KW - socio-economic impact assessment
KW - regional development
KW - economic development
KW - finance
KW - organization
KW - megaproject organization
KW - management
KW - privatisation
KW - public-private partnership
KW - accountability
KW - channel tunnel
KW - Øresund bridge
KW - Great Belt link
KW - Fehmarn Belt link
M3 - Book
BT - Megaprojects and risk
PB - Moscow
CY - Vershina Press
ER -