Planning And Appraisal Recommendations For Megaproject Success
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Planning And Appraisal Recommendations For Megaproject Success
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Author : Juan Alberti
language : en
Publisher: Inter-American Development Bank
Release Date : 2019-02-04
Planning And Appraisal Recommendations For Megaproject Success written by Juan Alberti and has been published by Inter-American Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-04 with Transportation categories.
This paper compares two approaches to the evaluation of mega transport project success. The first one is called the “iron triangle” approach. Under this approach, a megaproject is considered successful when it is delivered on budget, on time, and in line with the required specifications. The second approach is here called the “holistic” view of megaproject success, which considers other commonly used criteria: social efficiency, effectiveness, equity, relevance, and political pay-off, among others. This paper shows how the way in which the success of a mega transport project is measured leads to different recommendations for the planning and appraisal stages. It shows that such recommendations may or may not be consistent with the nature of the problem these endeavors imply at the different stages. It is here argued that focusing on the “iron triangle” approach to success can promote planning and appraisal with a narrow view of the problem, by assuming consensus, encouraging depoliticization, understanding the problem as a mathematical optimization made by a single decision-maker. The “holistic” approach to success, on the other hand, favors more comprehensive and integrated ways of planning and appraising infrastructure megaprojects. It does so by promoting a reduction in data demands, focusing on simplicity and transparency aimed at clarifying the terms of conflict and accepting uncertainty, keeping options open, all while focusing on the actual criteria used by the relevant stakeholders. Common pitfalls of the application of the “iron triangle” approach to success at the planning and appraisal stages result from its failure to address the context and the usual impossibility to fix and maintain a desired state from the earliest stages of the project. On the other hand, when using the ”holistic” view, recommendations are based on what happens in fact, including project management variables as only one part of the criteria actually used when planning megaprojects. In order to promote a transparent pre-investment stage, the planning and appraisal of megaprojects should consider project management variables, while also accepting complexity and non-linearity, addressing the power of the context, as well as the influence of the stakeholders involved, reflecting the actual criteria used in the decision-making process.
The Institutional Environment Of Megaproject Planning And Appraisal
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Author : Juan Alberti
language : en
Publisher: Inter-American Development Bank
Release Date : 2019-07-19
The Institutional Environment Of Megaproject Planning And Appraisal written by Juan Alberti and has been published by Inter-American Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-19 with Business & Economics categories.
This paper compares the contributions of three different approaches to the analysis of the institutional environment of transport policy development and megaproject planning and appraisal: the sociological approach to institutions; the political new institutionalism; and new institutional economics. It shows that institutions have been usually understood in different ways by these fields, emphasizing different elements of this relevant subject. It is here recommended to follow Scott (2012) who claims that while one approach may be more suited to study a particular dimension, others may be better suited to study other dimensions. This author claims that there are three pillars of institutions: cultural-cognitive elements, normative elements and regulative elements. They are linked to the abovementioned approaches. The cultural-cognitive element is related to symbols (including words, signs, and gestures), which shape the meaning of objects and activities, the normative element is associated with rules that introduce a prescriptive, evaluative and obligatory dimension into social life, and the regulative elements refer to rule-setting, monitoring and sanctioning activities. his paper shows that the key to understand the challenge of analyzing the institutional environment of megaproject planning and appraisal is to be aware of the different institutional elements in place, and to use the most suited approach to analyze each one of them. Moreover, it also illustrates that there are no “pure cases” where only one element is responsible for the outcomes, and depending on the pillar under analysis, one of the abovementioned approaches to institutions may be more suited as a conceptual framework to thoroughly analyze the problem.
Decision Making On Mega Projects
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Author : Hugo Priemus
language : en
Publisher: Edward Elgar Publishing
Release Date : 2008-01-01
Decision Making On Mega Projects written by Hugo Priemus and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-01 with Business & Economics categories.
It will be useful for those experienced and senior professionals who are charged with authorizing and controlling projects. Recommended. P.F. Rad, Choice Building on the seminal work of Bent Flyvbjerg, this book is a collection of expert contributions that will prove essential to anyone wanting to understand why mega-projects go wrong and how they can be made to work better. Professor Sir Peter Hall, University College London, UK This book offers a refreshing and fascinating look at mega-projects from the perspective of public evaluation and planning. With the changing role of the public sector in planning and implementing large-scale projects and a subsequent strong emergence of private public modes of operation, mega-projects have become a problematic phenomenon. This volume is a major source of information and reference. It provides the reader with unique insights and caveats in mega-projects planning. Peter Nijkamp, VU University Amsterdam, The Netherlands This book enlarges the understanding of decision-making on mega-projects and suggest recommendations for a more effective, efficient and democratic approach. Authors from different scientific disciplines address various aspects of the decision-making process, such as management characteristics and cost benefit analysis, planning and innovation and competition and institutions. The subject matter is highly diverse, but certain questions remain at the forefront. For example, how do we deal with protracted preparation processes, how do we tackle risks and uncertainties, and how can we best divide the risks and responsibilities among the private and public players throughout the different phases of the project? Presenting a state-of-the-art overview, based on experiences and visions of authors from Europe and North America, this unique book will be of interest to practitioners of large-scale project management, politicians, public officials and private organisations involved in mega-project decision-making. It will also appeal to researchers, consultants and students dealing with substantial engineering projects, complex systems, project management and transport infrastructure.
Improving Project Management In The Department Of Energy
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Author : National Research Council
language : en
Publisher: National Academies Press
Release Date : 1999-09-22
Improving Project Management In The Department Of Energy written by National Research Council and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-09-22 with Science categories.
The U.S. Department of Energy has been at the center of many of the greatest achievements in science and engineering in this century. DOE spends billions of dollars funding projects-and plans to keep on spending at this rate. But, documentation shows that DOE's construction and environmental remediation projects take much longer and cost 50% more than comparable projects undertaken by other federal agencies, calling into question DOE's procedures and project management. What are the root causes for these problems?
Leading Megaprojects
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Author : Mounir A. Ajam
language : en
Publisher: CRC Press
Release Date : 2020-01-06
Leading Megaprojects written by Mounir A. Ajam and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-06 with Technology & Engineering categories.
The performance of megaprojects is questionable, and a large percentage of them fail in one dimension or another. The challenges that contribute to these failures are known. Then why do these projects still fail at a high rate? Leading Megaprojects: A Tailored Approach examines the challenges facing megaprojects and, more importantly, successes in delivering megaprojects. To close the performance gaps in megaproject deliveries, the book presents a customizable model that professionals and organizations can use to increase the chance of successful project delivery. To illustrate the model, it uses examples and case studies, primarily from capital projects, with engineering and construction components. The book also explains how the approach can be applied to all projects, regardless of industry or domain. The book emphasizes the role of leadership because it takes the point of view that megaprojects cannot be successful without great leadership due to their massive size, complexity, number of parties and stakeholders involved, and cost, among other vital factors. Leaders can define the path for a megaproject to guide seasoned managers and project managers to successful closure. The tailored approach is based on a stage-gate project life cycle model, which covers projects from concept to success. However, it is not limited to a purist form of traditional project management. It is a tailored methodological approach, with an emphasis on leading the work, end-to-end, at the project level, along with the management of every stage of the project. Also, it presents the integration of the business, product delivery, and operations management into a cohesive approach. The book concludes with an in-depth simulation showing how the model is can be tailored to deliver a megaproject successfully.
Socioeconomic Evaluation Of Megaprojects
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Author : Markku Lehtonen
language : en
Publisher: Routledge
Release Date : 2016-11-22
Socioeconomic Evaluation Of Megaprojects written by Markku Lehtonen and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-22 with Business & Economics categories.
The governance and evaluation of ‘megaprojects’ – that is, large-scale, complex, high-stakes infrastructure projects usually commissioned by governments and delivered through partnerships between public and private organisations – is receiving increased attention. However, megaproject evaluation has hitherto largely adopted a linear-rationalist perspective to explain the frequent failure of such projects to meet the ‘iron triangle’ of performance criteria: delivering on time, within budget, and according to specifications. This approach recommends greater control and accountability to remedy megaproject ‘pathologies’. Drawing on empirical examples mainly from the transport sector and radioactive waste disposal, this book offers new perspectives to megaproject evaluation. Comprising contributions from leading experts in project evaluation and appraisal, this collection opens up new avenues by suggesting two ways of improving megaproject evaluation: 1) approaches that go beyond the dominant linearrationalist notion of policy processes, and emphasise instead the objective of opening up appraisal processes in order to enhance learning and reflexivity; and 2) approaches that extend evaluative criteria beyond the ‘iron triangle’, to cover the various socioeconomic impacts and preconditions for project success. This volume will be of great relevance to scholars and practitioners with an interest in megaprojects, energy and climate policy, radioactive waste management, urban design, and project planning and management.
Planning And Controlling Megaprojects
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Author : Frank Parth
language : en
Publisher:
Release Date : 2014
Planning And Controlling Megaprojects written by Frank Parth and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Communication in management categories.
Multiple independent research efforts are beginning to show a more consistent approach to developing successful megaprojects in the areas of oil/gas, mining, and construction projects than have been used in the past. These megaprojects are characterized by high value (often defined as greater than US$1 billion), comparably high benefits, years-long timelines, and correspondingly high risk. While there have been great advances in both project management methodologies and in the tools the project managers have available, the complexity of these multi-year programs has advanced even more quickly than the tools have. This article will look at the classical project management approaches that focus on delivering the final product within cost and schedule constraints once the project enters the execution phase. We will then examine multiple lines of research that show that the ultimate success of a complex program has very little dependency on how the program is managed once the construction phase begins and far greater dependency on what happens before that phase begins. The paper covers four topics: an overview current project management practices; current research on megaprojects; development stages for efforts on this scale; and some recommendations.
Mega Project Management
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Author : Guan Leng Lim
language : en
Publisher:
Release Date : 2022-06-20
Mega Project Management written by Guan Leng Lim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-20 with categories.
Megaprojects of construction would no more be difficult to initiate, understand and carry out practically. A key to all the problems related to Mega Project Management is going to be in your hand. It will be no more complex now. You have been facilitated to solve each and every problem by yourself. The book is going to be a perfect guide for you because it will tell: -What is Megaproject Management? -A Fundamental Conceptualization of Mega Infrastructure Construction -Significant Engineering and Construction of Mega-Infrastructure -Management of Massive Infrastructure Construction -Management of Construction Projects to Mega Infrastructure Construction Management: From Systematisms to Complexity -The Difficulty of Building and Managing Mega Infrastructure -The Good, The Bad, and the Best of Megaprojects -Making Megaprojects Modular -8 Planning and Organizing Best Practices for Megaproject Success -The Causes and Cure for Underperforming Megaprojects -The Increasing Difficulty of Building Mega-Infrastructure -The Possibilities and Hope for the Future
Early Project Appraisal
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Author : K. Samset
language : en
Publisher: Springer
Release Date : 2010-08-11
Early Project Appraisal written by K. Samset and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-11 with Business & Economics categories.
Focusing on turning an initial idea into a project with a successful outcome, this book fills a gap in current literature on project management and is thoroughly grounded in the latest research in this field. It emphasizes the practical application of decision making based on qualitative and judgmental information.
Mega Project Management
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Author : Lim Guan Leng
language : en
Publisher: Independently Published
Release Date : 2022-04-12
Mega Project Management written by Lim Guan Leng and has been published by Independently Published this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-12 with categories.
Megaprojects of construction would no more be difficult to initiate, understand and carry out practically. A key to all the problems related to Mega Project Management is going to be in your hand. It will be no more complex now. You have been facilitated to solve each and every problem by yourself. The book is going to be a perfect guide for you because it will tell: -What is Megaproject Management? -A Fundamental Conceptualization of Mega Infrastructure Construction -Significant Engineering and Construction of Mega-Infrastructure -Management of Massive Infrastructure Construction -Management of Construction Projects to Mega Infrastructure Construction Management: From Systematisms to Complexity -The Difficulty of Building and Managing Mega Infrastructure -The Good, The Bad, and the Best of Megaprojects -Making Megaprojects Modular -8 Planning and Organizing Best Practices for Megaproject Success -The Causes and Cure for Underperforming Megaprojects -The Increasing Difficulty of Building Mega-Infrastructure -The Possibilities and Hope for the Future