Global Megaprojects - Lessons, Case Studies, Expert Advice on International Megaproject

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.

List of contents

List of Figures xiii
 
List of Tables xv
 
List of Boxes xvii
 
Author's Perspectives xix
 
Acknowledgments xxi
 
Introduction to This Book xxiii
 
Key Concepts and Objectives xxiii
 
Pedagogy xxiv
 
Book Structure xxv
 
Overview of Book Chapters xxvi
 
References xxviii
 
1 Introduction to Global Megaprojects 1
 
Introduction 1
 
Globalization and Megaprojects 2
 
Characterization of Global Megaprojects 3
 
Megaprojects: The Global Timeline 6
 
Prehistory 7
 
The Middle Ages 8
 
The Golden Age of Globalization (1870-1914) 9
 
The Great Depression (1930-1940s) 12
 
The Great Megaproject Era (1950-1970s) 14
 
The Era of Great Tunnel, Energy, and Pipeline Projects: (1970s-2000) 17
 
The Millennium Projects 23
 
Why Study Megaprojects? 26
 
Summary 33
 
References 35
 
2 Megaproject Finance: Innovation and Value Driven Megaproject Management 43
 
Introduction: Financing the World's Infrastructure 43
 
Project Finance Definition and Characteristics 45
 
Project Finance v. Corporate Finance 48
 
Investment in the Developing Countries 49
 
Infrastructure Financing in the United States 51
 
Infrastructure Financing in the European Union 52
 
Sources of Funding for Project Financing 54
 
The Legal Framework: The Major Project Participants and Agreements 59
 
Export Credit Agencies (ECAs) 65
 
Multilateral Development Banks 67
 
Public-Private Partnership Structures 69
 
Evaluation Criteria for Project Finance 70
 
Megaproject Evaluation: Beyond the Iron Triangle 77
 
Looking Back and Looking Forward: Ex-ante and Ex-post Evaluations 78
 
Evaluating Projects Through the Life Cycle 81
 
Looking Back and Looking Forward and Qualitative Scoring 85
 
Summary 86
 
References 88
 
3 The Multilaterals and World Development 95
 
Introduction 95
 
Growing Demand for Global Infrastructure 96
 
The Role of the Multilaterals in Development 101
 
Mobilization of Capital 107
 
The Changing Landscape of Development Banks 116
 
International Development Case Studies 118
 
A Collective Action Perspective on the Planning of Global Megaprojects 121
 
The Social, Economic and Institutional Value of Megaprojects 123
 
Frameworks for Sustainable Development 124
 
Summary 127
 
References 129
 
4 Leading Complex Global Projects 135
 
Introduction 135
 
Complexity in Relation to Uncertainty, Ambiguity, Conflict, and Risk 138
 
Case Studies of Complex Projects 146
 
Strategic Management of Complexity 151
 
Summary 159
 
References 161
 
5 Global Megaproject Governance 167
 
Introduction to Global Governance of Megaprojects 167
 
Developing a Megaproject Governance Framework 174
 
Project Governance Between Developed and Developing Countries: Considerations for Improving Governance 188
 
Case Studies in Governance: What Causes Governance Failure? 191
 
Summary 198
 
References 200
 
6 Integrated Project Organizations and Public Private Partnerships 207
 
Introduction 207
 
Part I: Project Organization Integration: A New Mindset for Systems Engineering and Program Management 209
 
Part II: The Structure of Organizations as Systems of Systems 211
 
Part III. Public-Private Partnerships: The Sharing of Risk and Opportunity 225
 
Case Studies in

About the author

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.

Product details

• Authors: Virginia A Greiman, Virginia A. Greiman, Greiman Virginia A.
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 12.12.2022
• EAN: 9781119875208
• ISBN: 978-1-119-87520-8
• No. of pages: 560
• Subjects: Natural sciences, medicine, IT, technology > Technology > Structural and environmental engineering; Projektmanagement, Großprojekt, Baubetrieb, Construction Management, Industrial Engineering, Bauingenieur- u. Bauwesen, Civil Engineering & Construction, Industrielle Verfahrenstechnik, Allg. Bauingenieur- u. Bauwesen, Projektmanagement i. d. Industriellen Verfahrenstechnik, Industrial Engineering / Project Management