Megaprojects and Risk : An Anatomy of Ambition Paperback
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.
- Format: Paperback
- Pages: 215 pages, 13 b/w illus. 10 tables
- Publisher: Cambridge University Press
- Publication Date: 13/02/2003
- Category: Social issues & processes
- ISBN: 9780521009461
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Review by mortensengarth
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 and peoples naturally overly optimistic condition. Solutions to these two problems and others included.