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- W355156784 abstract "This paper focuses on the aspects of new institutional arrangements and innovative assessment tools to improve on the performance of the planning process for mega-projects. Wrong procurement is a major cause of public failure; the problems of high risk and long life of mega-projects deserve particular consideration in the procurement process. Innovations in planning approaches start at this point of departure and suggest a different organization structure. Important issues are the establishment of a project company under private law and the participation of private risk capital. Furthermore, the integration of preferences of different stakeholder groups from the beginning is important in minimizing conflicts in the procurement process. The basic message of this paper is that improved success of mega-projects is not so much a matter of better methods or more accurate calculations. Major progress can be achieved by changing the institutional environment so the incentives of the stakeholders work in the direction of generating real economic benefits within a budget." @default.
- W355156784 created "2016-06-24" @default.
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- W355156784 date "2008-04-01" @default.
- W355156784 modified "2023-09-27" @default.
- W355156784 title "Innovations in the Planning of Mega-Projects" @default.
- W355156784 hasPublicationYear "2008" @default.
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