Decision-Making on Mega-Projects: Costbenefit Analysis, Planning and Innovation (Transport Economics, Management and Policy series)

It Will Be Useful For Those Experienced And Senior Professionals Who Are Charged With Authorizing And Controlling Projects. Recommended. P.f. Rad, Choice Building On The Seminal Work Of Bent Flyvbjerg, This Book Is A Collection Of Expert Contributions That Will Prove Essential To Anyone Wanting To Understand Why Mega-projects Go Wrong And How They Can Be Made To Work Better. Professor Sir Peter Hall, University College London, Uk This Book Offers A Refreshing And Fascinating Look At Mega-projects From The Perspective Of Public Evaluation And Planning. With The Changing Role Of The Public Sector In Planning And Implementing Large-scale Projects And A Subsequent Strong Emergence Of Private Public Modes Of Operation, Mega-projects Have Become A Problematic Phenomenon. This Volume Is A Major Source Of Information And Reference. It Provides The Reader With Unique Insights And Caveats In Mega-projects Planning. Peter Nijkamp, Vu University Amsterdam, The Netherlands 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? Presenting A State-of-the-art Overview, Based On Experiences And Visions Of Authors From Europe And North America, This Unique Book Will Be Of Interest To Practitioners Of Large-scale Project Management, Politicians, Public Officials And Private Organisations Involved In Mega-project Decision-making. It Will Also Appeal To Researchers, Consultants And Students Dealing With Substantial Engineering Projects, Complex Systems, Project Management And Transport Infrastructure. This Book Aims To Enlarge 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? Presenting A State-of-the-art Overview, Based On Experiences And Visions Of Authors From Europe And North America, This Unique Book Will Be Of Interest To Practitioners Of Large-scale Project Management, Politicians, Public Officials And Private Organisations Involved In Mega-project Decision-making. It Will Also Appeal To Researchers, Consultants And Students Dealing With Substantial Engineering Projects, Complex Systems, Project Management And Transport Infrastructure.--jacket. Introduction : Scope Of The Book / Hugo Priemus, Bent Flyvbjerg And Bert Van Wee -- Part I. Management Characteristics And Cost-benefit Analysis -- Management Characteristics Of Mega-projects / Hans De Bruijn And Martijn Leijten -- Ex-ante Evaluation Of Mega-projects : Methodological Issues And Cost-benefit Analysis / Bert Van Wee And Lori Tavasszy -- Cost-benefit Analysis And The Wider Economic Benefits From Mega-projects / Roger Vickerman -- Mega-projects And Contested Information / Hans De Bruijn And Martijn Leijten -- Part Ii. Planning And Decision-making -- How To Improve The Early Stages Of Decision-making On Mega-projects / Hugo Priemus -- Public Planning Of Mega-projects : Overestimation Of Demand And Underestimation Of Costs / Bent Flyvbjerg -- Evolving Strategy : Risk Management And The Shaping Of Mega-projects / Roger Miller And Donald Lessard -- How To Overcome Major Weaknesses In Mega-projects : The Norwegian Approach / Knut Samset -- Public-private Partnership And Mega-projects / Joop Koppenjan -- Part Iii. Innovation, Competition And Institutions -- Innovations In The Planning Of Mega-projects / Werner Rothengatter -- The Cost Of The Technological Sublime : Daring Ingenuity And The New San Francisco-oakland Bay Bridge / Karen Trapenberg Frick -- Provision And Management Of Dedicated Railway Systems : How To Arrange Competition / Didier Van De Velde And Ernst Ten Heuvelhof -- Rail Infrastructure At Major European Hub Airports : The Role Of Institutional Settings / Moshe Givoni And Piet Rietveld -- Drawing Institutional Lessons Across Countries On Making Transport Infrastructure Policy / Martin De Jong. Edited By Hugo Priemus, Bent Flyvbjerg, Bert Van Wee. Includes Bibliographical References And Index. COVER......Page 1 Copyright......Page 4 Contents......Page 5 Contributors......Page 7 Acknowledgements......Page 10 1. Introduction: scope of the book......Page 11 PART I: Management Characteristics and Cost–Benefit Analysis......Page 31 2. Management characteristics of mega-projects......Page 33 3. Ex-ante evaluation of mega-projects: methodological issues and cost-benefit analysis......Page 50 4. Cost-benefit analysis and the wider economic benefits from mega-projects......Page 76 5. Mega-projects and contested information......Page 94 PART II: Planning and Decision-Making......Page 113 6. How to improve the early stages of decision-making on mega-projects......Page 115 7. Public planning of mega-projects: overestimation of demand and underestimation of costs......Page 130 8. Evolving strategy: risk management and the shaping of mega-projects......Page 155 9. How to overcome major weaknesses in mega-projects: the Norwegian approach......Page 183 10. Public-private partnership and mega-projects......Page 199 PART III: Innovation, Competition and Institutions......Page 223 11. Innovations in the planning of mega-projects......Page 225 12. The cost of the technological sublime: daring ingenuity and the new San Francisco-Oakland Bay Bridge......Page 249 13. Provision and management of dedicated railway systems: how to arrange competition......Page 273 14. Rail infrastructure at major European hub airports: the role of institutional settings......Page 291 15. Drawing institutional lessons across countries on making transport infrastructure policy......Page 314 Index......Page 337