The Strategic Management of Large Engineering Projects: Shaping Institutions, Risks, and Governance

Language: English

Published by The MIT Press, 2001

0262122367 / 9780262122368

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Cloth hardcover, xxi + 237 pages. Foreign library markings on endpapers & prelims (1 stamp, 2 barcode labels). Book is clean and bright throughout with unmarked text and firm binding. Bright untorn dust jacket with a blank label glued to the rear flap. -- Large engineering projects (LEPs) - such as dams, power plants, and transport networks - frequently suffer from massive cost overruns and delays. This study, based on the International Management of Large Engineering Projects (IMEC) research programme, moves away from traditional project management techniques like scheduling and cost-estimation. Instead, it focuses on the strategic choices made during the 'front-end' phase, showing that the success of a megaproject depends on how its sponsors shape the institutional environment, risks, and governance structures before construction begins. The text examines sixty global projects, including the Boston Harbor cleanup, the Ankara subway construction in Turkey and offshore oil platforms in Norway, to illustrate why some succeed while others fail. It identifies that LEPs exist in 'turbulent' environments where political, economic, and social shifts can derail even the best-engineered plans. The authors explain that risk should not merely be avoided but actively managed through a "layering" model that balances direct allocation with indirect risk management through financial and governance structures. A major theme is the importance of institutional framing - building a stable network of laws, regulations, and stakeholder agreements that protect the project from external shocks. Governance is presented as a dynamic process of managing relationships between private firms and public entities, ensuring that incentives are aligned throughout the decades-long lifecycle of an enterprise. In a contemporary landscape defined by the energy transition and the rollout of massive digital and transport infrastructure, these insights remain highly practical. The shift toward public-private partnerships and the increasing complexity of global regulations make the focus on front-end shaping and institutional governance particularly relevant. The volume provides a documented, evidence-based alternative to the technical optimism that often leads to infrastructure crises. This is an essential resource for engineers, policymakers, and business leaders navigating the financial and political complexities of modern megaprojects. A quarter-century after publication, the book remains required reading on university courses in strategic project management and continues to be cited in current research on megaproject delivery.…

Seller Inventory # 013123

Title
The Strategic Management of Large Engineering Projects: Shaping Institutions, Risks, and Governance
Author
Roger Miller; Donald R. Lessard
Publisher
The MIT Press
Publication year
2001
Condition
Very Good
Dust jacket
Very Good
Binding
Hardcover
Language
English
ISBN 10
0262122367
ISBN 13
9780262122368
Edition
1st Edition

killarneybooks

Inagh, Clare, Ireland

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All U.S.-bound orders are now shipped with UPS for reliable delivery. Additional customs or import fees are highly unlikely; however, please note buyers remain responsible for any duties or taxes that U.S. Customs may assess. -- Killarneybooks is a family-run bookshop based in the Republic of Ireland. We take pride in accurate listings, careful packaging, and prompt service - most orders ship within 24 hours. All books listed are in stock and ready for immediate dispatch - we are not dropshippers. Inquiries always welcome.…

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