Industrial Megaprojects: Concepts, Strategies, and Practices for Success
As megaprojects sponsored by petroleum, chemical, mineral, power, and other related industries have increased in size and com-plexity, so has the fallout. Anyone with a managing stake needs to understand how and why things can go so wrong.Industrial Megaprojectsexplains underlying causes of over-budgeted, delayed, and unsafe megaprojects. They destroy shareholder wealth and damage company reputations. Yet, current global economic needs are further complicating projects. Easily accessed resources have been depleted, national resource holders that control more easily developed oil and gas have driven oil companies into deeper water, and chemical companies seeking lower cost feedstocks need to exploit economies of scale.For anyone who leads or finances big projects, for those who are concerned about the management of modern, publicly owned industrial corporations, and for those who teach others about how it should be done, this book delivers the critical information you need to ensure a safe and profitable future for megaprojects. Modern life depends on their success.