Investors and managers of major projects know how often they result in cost overruns and schedule delays. "Risk Navigation Strategies for Major Capital Projects" builds on conventional best practice to provide a risk-based view of current practices for planning and executing large international projects.

As economies of scale continue to drive projects to ever-higher levels of scope and complexity, new thinking about strategy and risk is required. Since major projects are highly exposed to external risks, the traditional view of predictability as something that can be mandated and...