Book chapter
Defining Megaprojects: Learning from Construction at the Edge of Experience
Construction Research Congress 2005, pp 1-10
2005
Abstract
Construction megaprojects have been undertaken with increasing frequency in the past century. Many of these projects have experienced high cost overruns, extensive delays, and heated conflicts. To this point, numerical thresholds around $1 billion have been used to define megaprojects, however, the characteristics that elevate a project to mega-status are much more complex than simply project cost. Formulation of a transparent, relevant, and useful definition of "construction megaproject" is the primary subject of this paper. A project metric is developed as a basis for comparative studies, using five common megaproject characteristics. In addition, the framework for a descriptive and comparative megaproject tool is developed. Six megaproject case studies are evaluated using the proposed definition and megaproject tool as a methodological framework. Conclusions about the critical importance of two characteristics, risk and ideals, were drawn from the case studies.
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Details
- Title
- Defining Megaprojects: Learning from Construction at the Edge of Experience
- Creators
- Molly Kovaka - Arizona State UniversityChristine Fiori - Arizona State University
- Publication Details
- Construction Research Congress 2005, pp 1-10
- Resource Type
- Book chapter
- Language
- English
- Academic Unit
- Engineering Leadership and Society/Engineering Technology; Engineering Management [Historical]
- Other Identifier
- 991021886859704721