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Big Decisions, Big Risks: Improving Accountability in Mega Projects

Abstract:

In terms of risk, many appraisals of very large infrastructure investments assume, or pretend to assume, that infrastructure policies and projects exist in a predictable Newtonian world of cause and effect where things go according to plan. In reality, the world of policy and project preparation and implementation is a highly stochastic one where things happen only with a certain probability and rarely turn out as originally intended. The failure to reflect the probabilistic reality of invest...

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Publication date:
2002-01-01
URN:
uuid:8a1cebe3-e98e-430a-8560-d0b74cc2e97c
Local pid:
oai:eureka.sbs.ox.ac.uk:778

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