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. Foreword JAMES B. PORTER, JR. vii Acknowledgments xi Introduction Why Megaprojects Fail So Often: Seven Key Mistakes 1 Part One Understanding the Projects Chapter 1 Megaprojects–Creators and Destroyers of Capital 11 Chapter 2 Data and Methods 23 Chapter 3 Project Outcomes 37 Part Two Making the Right Business Decisions Before You Commit Chapter 4 The Opportunity-Shaping Process 53 Chapter 5 Devising the Shaping Strategy 91 Chapter 6 Megaprojects and Co rporate Governance 123 Part Three Making the Right Project Decisions Chapter 7 Basic Data Are Basic: Get Them Right Before You Start to Design 137 Chapter 8 Megaproject Teams: People Do Projects 159 Chapter 9 Organizing Megaproject Teams 185 Chapter 10 Project Defi nition: Getting the Front End Right 199 Chapter 11 Contracting 253 Chapter 12 The Control of Execution Risk 305 Chapter 13 Focus on Success 333 Glossary and Abbreviations 341 Notes 343 Index 347
