Megaprojects and Risk: An Anatomy of Ambition

Bent Flyvbjerg · Nils Bruzelius · Werner Rothengatter

Feb 2003 · Cambridge University Press

Ebook

226

Pages

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About this ebook

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.

About the author

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 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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