Megaprojects, writes Bent Flyvbjerg, a leading expert on the topic, “are large-scale, complex ventures that typically cost more than 1bn USD, take many years to build, involve multiple public and private stakeholders, are transformational, and impact millions of people.”
He also points out that 90% of them have cost overruns, and that greater-than-50% cost overruns are “not uncommon”.
And yet, right now, megaprojects are underway all over the world as countries and cities prepare for the future.
Register for free or sign in to continue reading
This is not a paywall. Registration allows us to enhance your experience across Construction Management and ensure we deliver you quality editorial content.
Registering also means you can manage your own CPDs, comments, newsletter sign-ups and privacy settings.
