Megaprojects and Risk
An Anatomy of Ambition
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Megaprojects and Risk by Bent Flyvbjerg
Book DescriptionMegaprojects 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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Book DetailsISBN: 9780521009461
(228mm x 152mm x 16mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 13-Feb-2003
Country of Publication: United Kingdom
Books By Author Bent Flyvbjerg
Real Social Science, Hardback (April 2012)
A new, hands-on approach to social inquiry for social scientists who wish to make a difference to policy and practice.
Making Social Science Matter, Hardback (January 2001)» View all books by Bent Flyvbjerg
New approach demonstrating how social science can be successful, focusing on context, values, and power.
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Author Biography - Bent Flyvbjerg
Bent Flyvbjerg is Founding Chair of Major Programme Management at Oxford University's Said 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 is Associate Professor at Stockholm University and an independent consultant on transport and planning. 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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