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   Book Info

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Megaprojects and Risk : An Anatomy of Ambition  
Author: Bent Flyvbjerg, et al
ISBN: 0521009464
Format: Handover
Publish Date: June, 2005
 
     
     
   Book Review


Review
"Megaprojects and Risk: An Anatomy of Ambition provides a fascinating look at the pervasiveness of misinformation in the planning of major construction projects and the systematic bias of such misinformation towards justifying project implementation. The power of its analysis is vastly reinforced by the range of cases examined, extending over 70 years and five continents. An extraordinary accomplishment, it will doubtless serve as the standard reference on this topic for many years to come." Alan Altshuler, Professor of Urban Policy and Planning, Kennedy School of Government, Harvard University

"Anyone concerned with public works projects, planning, and ethics in public policy should read this book. It provides a genuinely original perspective on why large complex projects often cost much more than their planners say they will and treats this problem as a fascinating puzzle involving technical methods, professional ethics and the politics of urban decision making." Martin Wachs, Director of Institute of Transportation Studies, Professor of Civil and Environmental Engineering, Professor of City and Regional Planning, University of California at Berkeley

"Flyvbjerg's damning analysis concentrates on a series of financial nightmares that should bring even the most casual reader out in a sweat." New Scientist

"Life is too short to read every tome penned by Scandinavian and German social scientists. But Megaprojects and Risk, written by Bent Flyvbjerg, Nils Bruzelius and Werner Rothengatter, is a cracker. In lurid and startling detail it examines dozens of vast construction schemes around the world." Times Online

"The book is provocative throughout, documenting the often dismal performance history of these huge projects and calling attention to the forces that make reform a formidable undertaking." Civil Engineering

"By vividly illustrating the dynamics of megaprojects, Flyvbjerg and his colleagues clearly and acutely identify the problem and propose sensible solutions. Hopefully, their work will receive the kind of attention that it deserves from planners, decision makers, technical experts and the public, stimulate discussion on how to resolve what is likely to be an ever growing problem and lead to the adoption, by at least a few countries, of a new approach to megaproject decision making." Journal of Planning Education & Research


New Scientist
"Concentrates on a series of financial nightmares that should bring even the most casual reader out in a sweat."


Moneyweb
"Should be required reading for anybody in government with any role of budgetary oversight."


Planning Magazine
"Unsparing and thoroughly documented ... speaks volumes."


Book Description
Promoters of multi-billion dollar land-use development megaprojects systematically misinform parliaments, the public and the media in order to get them approved and built. This book not only explores these issues, but suggests practical solutions drawing on theory and scientific evidence from the several hundred projects in twenty nations and five continents. It is of interest to students, scholars, planners, economists, auditors, politicians and concerned citizens.


Book Info
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. Softcover.




Megaprojects and Risk: An Anatomy of Ambition

FROM THE PUBLISHER

Megaprojects and Risk provides the first detailed examination of the phenomenon of megaprojects. It is an account of how the promoters of multibillion-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 and hard, scientific evidence from the several hundred projects in twenty nations that illustrate the book. Accessibly written, it will be essential reading in its field for students, scholars, planners, economists, auditors, politicians, journalists and interested citizens.

     



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