Megaprojects and Risk

An Anatomy of Ambition

Bent Flyvbjerg, Nils Bruzelius, Werner Rothengatter

208 pages, parution le 17/03/2003

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Résumé

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.

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.

Caractéristiques techniques

	PAPIER
Éditeur(s)	Cambridge University Press
Auteur(s)	Bent Flyvbjerg, Nils Bruzelius, Werner Rothengatter
Parution	17/03/2003
Nb. de pages	208
Format	15 x 22,5
Couverture	Broché
Poids	355g
Intérieur	Noir et Blanc
EAN13	9780521009461
ISBN13	978-0-521-00946-1