Table of Contents

International Handbook on Mega-Projects

International Handbook on Mega-Projects

Elgar original reference

Edited by Hugo Priemus and Bert van Wee

This comprehensive and accessible Handbook presents state-of-the-art research on the decision-making processes in the deliverance of mega-projects – large infrastructure projects for the transportation of people and/or goods.

Chapter 3: The shaping of large engineering projects

Donald R. Lessard and Roger Miller

Subjects: economics and finance, public sector economics, transport, environment, transport, urban and regional studies, transport

Extract

Large engineering projects (LEPs) are games of ambition in which sponsors aim to build solutions to unmet needs. LEPs may involve the development of major engineering breakthroughs, pushing the engineering envelope of production systems through major capital investments, and/or developing new institutional constructs that allow diverse project actors and stakeholders to collaborate. Sponsors of these large engineering projects often face a choice between taking few risks by limiting themselves to standardized solutions or to push for innovative configurations that provide more complete solutions while entailing more risk and complexity.

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