Global Megaprojects: Lessons, Case Studies, and Expert Advice on International Megaproject Management

ISBN-13: 9781119875208 / Angielski / Twarda / 2023 / 416 str.

Greiman

Spis treści

List of Figures xiiiList of Tables xvList of Boxes xviiAuthor's Perspectives xixAcknowledgments xxiIntroduction to This Book xxiiiKey Concepts and Objectives xxiiiPedagogy xxivBook Structure xxvOverview of Book Chapters xxviReferences xxviii1 Introduction to Global Megaprojects 1Introduction 1Globalization and Megaprojects 2Characterization of Global Megaprojects 3Megaprojects: The Global Timeline 6Prehistory 7The Middle Ages 8The Golden Age of Globalization (1870-1914) 9The Great Depression (1930-1940s) 12The Great Megaproject Era (1950-1970s) 14The Era of Great Tunnel, Energy, and Pipeline Projects: (1970s-2000) 17The Millennium Projects 23Why Study Megaprojects? 26Summary 33References 352 Megaproject Finance: Innovation and Value Driven Megaproject Management 43Introduction: Financing the World's Infrastructure 43Project Finance Definition and Characteristics 45Project Finance v. Corporate Finance 48Investment in the Developing Countries 49Infrastructure Financing in the United States 51Infrastructure Financing in the European Union 52Sources of Funding for Project Financing 54The Legal Framework: The Major Project Participants and Agreements 59Export Credit Agencies (ECAs) 65Multilateral Development Banks 67Public-Private Partnership Structures 69Evaluation Criteria for Project Finance 70Megaproject Evaluation: Beyond the Iron Triangle 77Looking Back and Looking Forward: Ex-ante and Ex-post Evaluations 78Evaluating Projects Through the Life Cycle 81Looking Back and Looking Forward and Qualitative Scoring 85Summary 86References 883 The Multilaterals and World Development 95Introduction 95Growing Demand for Global Infrastructure 96The Role of the Multilaterals in Development 101Mobilization of Capital 107The Changing Landscape of Development Banks 116International Development Case Studies 118A Collective Action Perspective on the Planning of Global Megaprojects 121The Social, Economic and Institutional Value of Megaprojects 123Frameworks for Sustainable Development 124Summary 127References 1294 Leading Complex Global Projects 135Introduction 135Complexity in Relation to Uncertainty, Ambiguity, Conflict, and Risk 138Case Studies of Complex Projects 146Strategic Management of Complexity 151Summary 159References 1615 Global Megaproject Governance 167Introduction to Global Governance of Megaprojects 167Developing a Megaproject Governance Framework 174Project Governance Between Developed and Developing Countries: Considerations for Improving Governance 188Case Studies in Governance: What Causes Governance Failure? 191Summary 198References 2006 Integrated Project Organizations and Public Private Partnerships 207Introduction 207Part I: Project Organization Integration: A New Mindset for Systems Engineering and Program Management 209Part II: The Structure of Organizations as Systems of Systems 211Part III. Public-Private Partnerships: The Sharing of Risk and Opportunity 225Case Studies in Public-Private Partnership Development 236Emerging Trends and Social Considerations for PPP Development 241Summary 243References 2497 Managing the Megaproject Implementation and Delivery 255Introduction 255Phase 1: Initiation of the Megaproject 257Phase 2: Global Project Delivery Methodologies and Procurement 261Phase 3: Implementation 263Phase 4: Project Controls 279Phase 5: Transitioning a Megaproject to Operations 289Lessons Learned on Cost and Schedule 290Summary 294References 2978 Megaprojects and Mega Risk: Opportunity, Risk, and Resilience Management 301Introduction 301Emerging Risks on a Global Scale Impacting Megaprojects 302Defining Risk and Risk Management 305Structure of Megaproject Risks 306Resilience and Risk Management 307What Is Project Risk Intelligence? 310Developing a Risk Management Framework: A Shared Vision of Risk 313Global Risk Factors in International Projects 325Business Continuity Planning in the Management of Risks 327Root Cause Analysis 327Characterizing Risk 330Normalization of Deviance Related to Risk Discovery 333Catastrophic Loss Potential: Natural and Manmade Disasters 336Summary 341References 3449 Megaprojects: Troubles and Triumphs 349Introduction 349What Is Meant by Success? Successful Megaproject Failures 350Characteristics of Failed Projects 356Characteristics of the Most Successful Projects 370Summary 372References 37310 Laws and Contracts in Global Megaprojects 381Introduction 381Planning for Procurement 382Concession Procurement 383Private Sector Procurement 383Megaproject Procurement Contracts in the United States 385Laws Governing International Megaproject Contracting 387Challenging Negotiations in Megaproject Contracts 391Collaborative Contracting 414Emerging Issues in Global Development Laws and Contracts 414Summary 419References 42111 Megaproject Innovation and Resilience 425Introduction 425Where Does Innovation Come From? 427What Is an Innovation Megaproject? 429Megaproject Innovation Programs 431What Is an Innovation Strategy? 435Enablers and Challenges to Innovation 439Best Practices for Innovation 443Summary 450References 45212 The Future of Global Megaprojects 459Introduction 459Blue Ocean Thinking 460Blue Economy Thinking 461Challenges of Future Megaprojects 463Meeting the Grand Challenges of the Twenty-first Century 469Global Change and International Cooperation 474Global Megaprojects and the Leaders of Tomorrow 474Megaprojects and the Growth of the Digital Economy 478Megaproject Management: Looking Back to Move the Future Forward 485Leadership for Megaprojects in the Emergent Era 486A New Principle Based Approach to Project Management 489Megaprojects and System Perspectives 490Summary 492References 494Glossary 501Acronyms 523Index 527

O autorze

Virginia A. Greiman is Assistant Professor at Boston University where she leads research on the implementation of global megaprojects. She is the author or co-author of 4 books in the areas of international law and development, megaproject management, systems engineering, and cyber law and governance. She has more than 25 years of experience in megaproject finance and implementation and has served on the 12-member executive team of America's $14.8 billion Central Artery Tunnel Project. She provides expert advice to governments, international organizations, and private industry on meeting the challenges of infrastructure megaprojects and serves on several international megaproject advisory boards.