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

1. Auflage Dezember 2022
560 Seiten, Hardcover
Fachbuch
GLOBAL MEGAPROJECTS
The definitive guide to international megaprojects from an undisputed authority in the field
In Global Megaprojects: Lessons, Case Studies, and Expert Advice on International Megaproject Management, distinguished international megaproject researcher and consultant Virginia A. Greiman delivers a comprehensive and incisive discussion of a key topic in global infrastructure development: the international megaproject. In the book, readers will find indispensable guidance and insights from experienced megaproject experts, as well as over 20 case studies highlighting practical solutions to common and pressing issues faced by project stakeholders around the world.
This book was written to demonstrate that megaprojects can and have accomplished major economic, social, and technical advancements thought impossible but achieved by successfully confronting the challenges of the time. This book offers solutions and prescriptions for megaproject participants to overcome the complex challenges presented by these projects. It incorporates the latest evidence-based theory and a wealth of practical experience and provides a truly international perspective, showcasing viewpoints from a diverse collection of regions, cultures, and industries.
Global Megaprojects also presents:
* Thorough introductions to megaprojects and their lifecycles, including the megaproject ecosystem and the world's emerging megaprojects
* In-depth examinations of megaproject finance and economics, including innovation and value-driven program management
* Extensive explorations of complex project leadership, including the characteristics of uncertainty, complex projects, and cross-cultural dynamics
* Comprehensive discussions of megaproject implementation management, including global delivery methodologies and strategic objective alignment
Global Megaprojects: Lessons, Case Studies, and Expert Advice on International Megaproject Management will earn a place in the libraries of project managers, policymakers, academics, contractors, engineers, suppliers, investors, and sponsors of large international projects.
ACKNOWLEDGEMENTS
INTRODUCTION TO THIS BOOK
Key Concepts and Objectives
Pedagogy
Book Structure
Overview of Course Chapters
References
1 Introduction to Global Megaprojects
Introduction
Globalization and Megaprojects
Characterization of Global Megaprojects
Megaprojects: The Global Timeline
Prehistory
The Middle Ages
The Golden Age of Globalization
The Great Depression
The Great Megaproject Era
The Era of Great Tunnel, Energy, and Pipeline Projects
The Millennium Projects
Why Study Megaprojects?
Summary
Lessons and Best Practices
Discussion Questions
References
2 Megaproject Finance: Innovation and Value Driven Megaproject Management
Introduction: Financing the World's Infrastructure
Project Finance Definition and Characteristics
Project Finance v. Corporate Finance
Investment in the Developing Countries
Infrastructure Financing in the United States
Infrastructure Financing in the European Union
Sources of Funding for Project Finance
The Legal Framework: The Major Participants and Agreements
Export Credit Agencies
Multilateral Development Banks
Public Private Partnership Structures
Evaluation Criteria for Project Finance
Megaproject Evaluation: Beyond the Iron Triangle
Looking Back and Looking Forward: Ex-Ante and Ex-Post Evaluations
Evaluating Projects through the Life Cycle
Summary
Lessons and Best Practices
Discussion Questions
References
3 The Multilaterals and World Development
Introduction
Growing Demand for Global Infrastructure
The Role of the Multilaterals in Development
Mobilization of Capital
The Changing Landscape of Development Banks
International Development Case Studies
A Collective Action Perspective on the Planning of Global Megaprojects
The Social, Economic and Institutional Value of Megaprojects
Frameworks for Sustainable Development
Summary
Lessons and Best Practices
Discussion Questions
References
4 Leading Complex Global Projects
Introduction
Complexity in Relation to Uncertainty, Ambiguity, Conflict and Risk
Case Studies of Complex Projects
Strategic Management of Complexity
Summary
Lessons and Best Practices
Discussion Questions
References
5 Global Megaproject Governance
Introduction to Global Governance of Megaprojects
Developing a Megaproject Governance Framework
Project Governance between Developed and Developing Countries
Case Studies in Governance
Summary
Lessons and Best Practices
Discussion Questions
References
6 Integrating Project Organizations and Public Private Partnerships
Introduction
Part I: Project Organization Integration
Part II: The Structure of Organizations as Systems of Systems
Part III: Public Private Partnerships: The Sharing of Risk and Opportunity
Emerging Trends and Social Considerations for PPP Development
Case Studies in Public Private Partnership Development
Summary
Lessons and Best Practices
Discussion Questions
7 Managing the Megaproject Implementation and Delivery
Introduction
Phase 1: Initiation of the Megaproject
Phase 2: Global Project Delivery Methodologies and Procurement
Phase 3: Implementation
Phase 4: Project Controls
Phase 5: Transitioning a Megaproject to Operations
Lessons Learned on Cost and Schedule
Summary
Lessons and Best Practices
Discussion Questions
References
8 Megaprojects and Mega Risk: Opportunity, Risk and Resilience Management
Introduction
Emerging Risks on a Global Scale Impacting Megaprojects
Defining Risk and Risk Management
Structure of Megaproject Risks
Resilience and Risk Management
What is Project Risk Intelligence?
Developing a Risk Management Framework: A Shared Vision of Risk
Global Risk Factors in International Projects
Business Continuity Planning in the Management of Risks
Root Cause Analysis
Characterizing Risk
Normalization of Deviance Related to Risk Discovery
Catastrophic Loss Potential: Natural and Manmade Disasters
Summary
Lessons and Best Practices
Discussion Questions
References
9 Megaprojects: Troubles and Triumphs
Introduction
What is a Successful Megaproject?
Characteristics of Failed Projects
Case Studies in Megaproject Failures
Characteristics of the Most Successful Projects
Summary
Lessons and Best Practices
Discussion Questions
References
10 Laws and Contracts in Global Megaprojects
Introduction
Planning for Procurement
Concession Procurement
Private Sector Procurement
Megaproject Procurement in the United States
Laws Governing International Megaproject Contracting
Challenging Negotiations in Megaproject Contracts
Collaborative Contracting
Emerging Issues in Global Development Laws and Contracts
Checklist for Contract development in Emerging Markets
Summary
Lessons and Best Practices
Discussion Questions
References
11 Megaproject Innovation and Resilience
Introduction
Where does Innovation Come From?
Megaproject Innovation Programs
What is an Innovation Strategy?
Impediments to Innovation
Enablers and Challenges to Innovation
Best Practices for Innovation
The Seven Global Innovation Index Pillars
Summary
Lessons and Best Practices
Discussion Questions
References
12 The Future of Global Megaprojects
Introduction
Blue Ocean Thinking
Blue Economy Thinking
Challenges of Future Megaprojects
Meeting the Grand Challenges of the 21st Century
Global Change and International Cooperation
Global Megaprojects and the Leaders of Tomorrow
Megaprojects and the Growth of the Digital Economy
Impact of New Technologies on Human Rights and Privacy
Megaproject Management: Looking Back to Move the Future Forward
Leadership for Megaprojects in the Emergent Era
PMI's New Principle Based Approach to Project Management
Megaprojects and System Perspectives
Summary
Lessons and Best Practices
Discussion Questions
References
GLOSSARY
ACRONYMS