Megaprojects and risk : an anatomy of ambition / Bent Flyvbjerg; Nils Bruzelius; Werner Rothengatter

By:

Flyvbjerg, Bent

Contributor(s):

Language: eng Publication details: Cambridge : Cambridge University Press, 2003.Description: 207 p.: ill.; 23 cmISBN:

9780521009461

Subject(s):

DDC classification:

658.404

LOC classification:

HD 69 L999m 2003

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.

Summary: "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 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 and hard, scientific evidence from the several hundred projects in twenty nations that illustrate the book. Accessibly written, it will be essential reading in its field for students, scholars, planners, economists, auditors, politicians, journalists and interested citizens."--Jacket.

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Holdings
Item type	Current library	Home library	Collection	Shelving location	Call number	Copy number	Status	Date due	Barcode
Libro	Biblioteca Juan Bosch	Biblioteca Juan Bosch	Ciencias Sociales	Ciencias Sociales (3er. Piso)	HD 69 L999m 2003 (Browse shelf(Opens below))	1	Available		00000144084

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.

"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 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 and hard, scientific evidence from the several hundred projects in twenty nations that illustrate the book. Accessibly written, it will be essential reading in its field for students, scholars, planners, economists, auditors, politicians, journalists and interested citizens."--Jacket.

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