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Megaprojects and Risk

Megaprojects and Risk
An Anatomy of Ambition

$35.99 (P)

  • Date Published: March 2003
  • availability: In stock
  • format: Paperback
  • isbn: 9780521009461

$ 35.99 (P)
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About the Authors
  • Promoters of multi-billion dollar land-use development megaprojects systematically misinform parliaments, the public and the media in order to get them approved and built. This book not only explores these issues, but suggests practical solutions drawing on theory and scientific evidence from the several hundred projects in twenty nations and five continents. It is of interest to students, scholars, planners, economists, auditors, politicians and concerned citizens.

    • Unique - first book to provide a comprehensive, up-to-date examination of Megaprojects
    • International scope and combination of theoretical analysis and empirical research will make it a valuable resource for academics, students, professionals, and decision-makers
    • Offers original analysis and practical suggestions for the successful management of Megaprojects
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    Reviews & endorsements

    "Megaprojects and Risk: An Anatomy of Ambition provides a fascinating look at the pervasiveness of misinformation in the planning of major construction projects and the systematic bias of such misinformation towards justifying project implementation. The power of its analysis is vastly reinforced by the range of cases examined, extending over 70 years and five continents. An extraordinary accomplishment, it will doubtless serve as the standard reference on this topic for many years to come." Alan Altshuler, Professor of Urban Policy and Planning, Kennedy School of Government, Harvard University

    "Anyone concerned with public works projects, planning, and ethics in public policy should read this book. It provides a genuinely original perspective on why large complex projects often cost much more than their planners say they will and treats this problem as a fascinating puzzle involving technical methods, professional ethics and the politics of urban decision making." Martin Wachs, Director of Institute of Transportation Studies, Professor of Civil and Environmental Engineering, Professor of City and Regional Planning, University of California at Berkeley

    "Flyvbjerg's damning analysis concentrates on a series of financial nightmares that should bring even the most casual reader out in a sweat." New Scientist

    "Life is too short to read every tome penned by Scandinavian and German social scientists. But Megaprojects and Risk, written by Bent Flyvbjerg, Nils Bruzelius and Werner Rothengatter, is a cracker. In lurid and startling detail it examines dozens of vast construction schemes around the world." Times Online

    "The book is provocative throughout, documenting the often dismal performance history of these huge projects and calling attention to the forces that make reform a formidable undertaking." Civil Engineering

    "By vividly illustrating the dynamics of megaprojects, Flyvbjerg and his colleagues clearly and acutely identify the problem and propose sensible solutions. Hopefully, their work will receive the kind of attention that it deserves from planners, decision makers, technical experts and the public, stimulate discussion on how to resolve what is likely to be an ever growing problem and lead to the adoption, by at least a few countries, of a new approach to megaproject decision making." Journal of Planning Education & Research

    "With his two co-authors, Flyvbjerg has produced a clear and lucid account of the economic, environmental, and social impacts of megaprojects...a lucid critique of existing norms is combined with practical suggestions for improvement." Canadian Journal of Urban Research, Carolyn Whitzman

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    Product details

    • Date Published: March 2003
    • format: Paperback
    • isbn: 9780521009461
    • length: 215 pages
    • dimensions: 228 x 153 x 16 mm
    • weight: 0.32kg
    • contains: 13 b/w illus. 10 tables
    • availability: In stock
  • Table of 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.

  • Authors

    Bent Flyvbjerg, University of Oxford
    Bent Flyvbjerg is Founding Chair of Major Programme Management at Oxford University's Saïd Business School and Director of the Oxford Centre for Major Programme Management. Previously, he was Professor in the Department of Planning and Development at Aalborg University. He is the author of the highly successful Making Social Science Matter (Cambridge, 2001) and Rationality and Power (1998).

    Nils Bruzelius, Stockholms Universitet
    Nils Bruzelius is Associate Professor at Stockholm University and an independent consultant on transport and planning.

    Werner Rothengatter, Universität Fridericiana Karlsruhe, Germany
    Werner Rothengatter is Head of the Institute of Economic Policy Research and of the Unit on Transport and Communication at the University of Karlsruhe, Germany. He is also the president of the World Congress on Transport Research Society (WCTRS).

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