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Socioeconomic Evaluation of Megaprojects - Dealing with uncertainties (Paperback)
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Socioeconomic Evaluation of Megaprojects - Dealing with uncertainties (Paperback)
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The governance and evaluation of 'megaprojects' - that is,
large-scale, complex, high-stakes infrastructure projects usually
commissioned by governments and delivered through partnerships
between public and private organisations - is receiving increased
attention. However, megaproject evaluation has hitherto largely
adopted a linear-rationalist perspective to explain the frequent
failure of such projects to meet the 'iron triangle' of performance
criteria: delivering on time, within budget, and according to
specifications. This approach recommends greater control and
accountability to remedy megaproject 'pathologies'. Drawing on
empirical examples mainly from the transport sector and radioactive
waste disposal, this book offers new perspectives to megaproject
evaluation. Comprising contributions from leading experts in
project evaluation and appraisal, this collection opens up new
avenues by suggesting two ways of improving megaproject evaluation:
1) approaches that go beyond the dominant linearrationalist notion
of policy processes, and emphasise instead the objective of opening
up appraisal processes in order to enhance learning and
reflexivity; and 2) approaches that extend evaluative criteria
beyond the 'iron triangle', to cover the various socioeconomic
impacts and preconditions for project success. This volume will be
of great relevance to scholars and practitioners with an interest
in megaprojects, energy and climate policy, radioactive waste
management, urban design, and project planning and management.
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