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Industrial Megaprojects: Concepts, Strategies, and Practices for Success

Edward W Merrow

More than half of large-scale building projects, such as drilling platforms, chemical plants, or dams, have miserably poor results: billions of dollars in overruns, long delays in design and construction, and poor operability once they are finally completed. Occasionally, these fiascos make the news, but for obvious reasons, companies usually bury the disasters with as little publicity as possible. Yet, management at the companies know full well the complexity and the difficulty faced when mounting megaprojects.

Industrial Megaprojects explains the underlying causes of over-budgeted, delayed, and unsafe megaprojects: poor project management, destructive team behaviors, weak accountability systems, an almost pathological focus on the short-term, and the unwillingness to invest in deep technical expertise. Modern life as we know it relies on the success of these projects. Leaders and stakeholders of future megaprojects would be wise to heed the warnings and take note of the best practices outlined in this book.

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Book Information

Publisher: Wiley
Publish Date: 05/03/2011
Pages: 371
ISBN-13: 9780470938829
ISBN-10: 047093882X
Language: English

Full Description

Avoid common pitfalls in large-scale projects using these smart strategies

Over half of large-scale engineering and construction projects--off-shore oil platforms, chemical plants, metals processing, dams, and similar projects--have miserably poor results. These include billions of dollars in overruns, long delays in design and construction, and poor operability once finally completed.

Industrial Megaprojects gives you a clear, nontechnical understanding of why these major projects get into trouble, and how your company can prevent hazardous and costly errors when undertaking such large technical and management challenges.

  • Clearly explains the underlying causes of over-budget, delayed, and unsafe megaprojects
  • Examines effects of poor project management, destructive team behaviors, weak accountability systems, short-term focus, and lack of investment in technical expertise
  • Author is the CEO of the leading consulting firm for evaluating billion-dollar projects

Companies worldwide are rethinking their large-scale projects. Industrial Megaprojects is your essential guide for this rethink, offering the tools and principles that are the true foundation of safe, cost-effective, successful megaprojects.

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