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dc.titleManaging Megaprojects: Conceptual Framework and International Experience
dc.contributor.authorGroom, Simon
dc.contributor.authorArmendáriz, Edna
dc.contributor.orgunitFiscal Management Division
dc.coverageNorway
dc.coverageUnited Kingdom
dc.coverageEurope
dc.coverageLatin America and the Caribbean
dc.date.available2021-12-23T00:00:00
dc.date.issue2021-12-23T00:00:00
dc.description.abstractThe discussion paper analyzes international experience in megaproject management, identifying problems and delivery performance. The most important distortions are optimism bias and strategic misrepresentation. it explores the approaches of Norway and the United Kingdom. Both countries have strengthened the robustness of planning and appraisal for megaprojects and have established specific methods and institutional arrangements for these projects to strengthen governance and transparency. Finally, some lessons are put forward that could help other countries, especially in Latin America, when embarking on megaprojects.
dc.format.extent53
dc.identifier.doihttp://dx.doi.org/10.18235/0003887
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Managing-Megaprojects-Conceptual-Framework-and-International-Experience.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectProject Cost Overrun
dc.subjectBudget
dc.subjectInvestment
dc.subjectInstitutional Capacity
dc.subjectEconomy
dc.subjectPublic Investment Program
dc.subjectPublic Investment System
dc.subjectInvestment Project
dc.subjectMinistries
dc.subject.jelcodeH43 - Project Evaluation • Social Discount Rate
dc.subject.jelcodeH54 - Infrastructures • Other Public Investment and Capital Stock
dc.subject.jelcodeO22 - Project Analysis
dc.subject.keywordscost overrun;institutional arrangement;project appraisal;public investment management
dc.typeDiscussion Papers
idb.identifier.pubnumberIDB-DP-00904
idb.operationRG-T2985
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