Evaluating Management Risks in Megaprojects: Case of International Defense Construction
Publication: Construction Research Congress 2022
ABSTRACT
Megaprojects are major investments in technology or infrastructure, typically costing one billion dollars or more, involving high levels of complexity, and having significant impacts to society. By their very nature, megaprojects are fraught with a wide range of risks, including technical, societal, financial, and organizational risks, among others. This study seeks to contribute to the understanding of risks in the context of megaprojects by analyzing a case study of a complex international setting. This study also aims to contribute to the body of knowledge by examining a case from the defense infrastructure sector, which has not commonly been the source of megaproject case studies. Research methods included content analysis of project documents mapped against risks and strategies prevalent in literature. The results highlight the importance of management risks, in particular, and the need to ensure specific management and organizational risks are examined in future analyses of megaprojects. The findings lay the groundwork for a larger analysis of risks of megaprojects in other countries, while providing insight to both researchers and practitioners working in a complex international setting.
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Construction Research Congress 2022
Pages: 541 - 550
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Published online: Mar 7, 2022
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