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Evolving Strategy: Risk Management and the Shaping of Mega-Projects

In: Decision-Making on Mega-Projects

Author

Listed:
  • Roger Miller
  • Donald R. Lessard

Abstract

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?

Suggested Citation

  • Roger Miller & Donald R. Lessard, 2008. "Evolving Strategy: Risk Management and the Shaping of Mega-Projects," Chapters, in: Hugo Priemus & Bent Flyvbjerg & Bert van Wee (ed.), Decision-Making on Mega-Projects, chapter 8, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:4112_8
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    File URL: https://www.elgaronline.com/view/9781845427375.00015.xml
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    Citations

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    Cited by:

    1. Watson, Jim & Gross, Rob & Ketsopoulou, Ioanna & Winskel, Mark, 2015. "The impact of uncertainties on the UK's medium-term climate change targets," Energy Policy, Elsevier, vol. 87(C), pages 685-695.
    2. Martijn Leijten, 2013. "Real-world decision-making on mega-projects: politics, bias and strategic behaviour," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 4, pages 57-82, Edward Elgar Publishing.
    3. YeEun Jang & JeongWook Son & June-Seong Yi, 2021. "Classifying the Level of Bid Price Volatility Based on Machine Learning with Parameters from Bid Documents as Risk Factors," Sustainability, MDPI, vol. 13(7), pages 1-18, April.
    4. Graeme Hodge & Carsten Greve, 2013. "Public–private partnership in developing and governing mega-projects," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 9, pages 182-208, Edward Elgar Publishing.
    5. Jakob Edler & Max Rolfstam & Lena Tsipouri & Elvira Uyarra, 2015. "Risk management in public procurement of innovation: a conceptualization," Chapters, in: Charles Edquist & Nicholas S Vonortas & Jon M Zabala-Iturriagagoitia & Jakob Edler (ed.), Public Procurement for Innovation, chapter 4, pages 87-109, Edward Elgar Publishing.
    6. Ward, E. John & Dimitriou, Harry T. & Dean, Marco, 2016. "Theory and background of multi-criteria analysis: Toward a policy-led approach to mega transport infrastructure project appraisal," Research in Transportation Economics, Elsevier, vol. 58(C), pages 21-45.

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