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Close Dialog Are you sure? 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. Michael Filippich – Improving Megaproject Performance.

Megaprojects and Risk – Wikipedia

The authors’ concept of risk is almost entirely limited to financial risk. This action might not be possible to undo. Help us Corrections Found an error or omission?

Please note that corrections may take a couple of weeks to filter through the various RePEc services. Download full text from publisher File URL: For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Their research shows that the situation is similar throughout the industrialized and industrializing nations, from Asia to the Americas. An Anatomy of Ambition.

No learning seems to take place. An Anatomy of Ambition. A snapshot of construction overruns from transportation projects is given in Table 1. This results in projects that are extremely risky, but where the risk is concealed from MPs, taxpayers and investors.

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Megaprojects and Risk: An Anatomy of Ambition

Gines De RUS, A comprehensive conceptual framework for road safety strategies. See general information about how to correct material in RePEc. You can help adding them by using this form. Are you sure you want to continue? Technological Forecasting and Social Change.

Megaprojects and Risk: An Anatomy of Ambition | Standard Deviation | Risk

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. Regional development claims for megaprojects are often merely a sop to promote political acceptance, and many of them depend upon “nonmeasurable or insignificant claims.

If you are ane registered author of this item, you may also want to check the “citations” tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. Most megaprojects involve three features that are systematically ignored or underplayed: General contact details of provider: Cost underestimation and overrun exist across 20 nations and five continents; it appears to be a global phenomenon.

The situation is, at core, unchanged megaprojects and risk an anatomy of ambition pdf download the past 70 years.

This book documents beyond question that those who promote large- scale infrastructure and civil works projects running to billions of dollars, leave “Public and private investors, antaomy, media and the general public.

For the widespread failure in demand, i. Cost underestimation and overrun have not decreased over the past 70 years.

In their own work, the authors emphasize three projects: It also allows you to accept potential zmbition to this item that we are uncertain about. Latest version Download Restriction: Remove them from Saved?

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. RePEc uses bibliographic data supplied by the respective publishers.

When requesting a correction, please mention this item’s handle: It is a fascinating 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.

The failure of economic and social performance after the projects have been built is common.