Megaprojects and Risk

An Anatomy of Ambition

Nonfiction, Social & Cultural Studies, Social Science, Sociology, Science & Nature, Nature
Cover of the book Megaprojects and Risk by Bent Flyvbjerg, Nils Bruzelius, Werner Rothengatter, Cambridge University Press
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Author: Bent Flyvbjerg, Nils Bruzelius, Werner Rothengatter ISBN: 9781139930970
Publisher: Cambridge University Press Publication: February 13, 2003
Imprint: Cambridge University Press Language: English
Author: Bent Flyvbjerg, Nils Bruzelius, Werner Rothengatter
ISBN: 9781139930970
Publisher: Cambridge University Press
Publication: February 13, 2003
Imprint: Cambridge University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

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