This article may lend undue weight to the opinion of Flyvbjerg et al. Please help improve it by rewriting it in a balanced fashion that contextualizes different points of view.(September 2023) (Learn how and when to remove this message)
Extremely large-scale investment project
For a list of megaprojects, see List of megaprojects.
For a list of megaprojects specifically related to transportation, see List of transport megaprojects.
Itaipu Dam in South America, an example of a 20th-century megaprojectThe Trans-Siberian Railway and other railways in the Asiatic part of the Russian Empire were important 19th-century megaprojects.
A megaproject is an extremely large-scale investment project.[1]
According to the Oxford Handbook of Megaproject Management, "Megaprojects are large-scale, complex ventures that typically cost $1 billion or more, take many years to develop and build, involve multiple public and private stakeholders, are transformational, and impact millions of people".[2] However, $1 billion is not a constraint in defining megaprojects; in some contexts a relative approach is needed, such as in developing countries, where a much smaller project (such as one with a $100 million budget) could constitute a megaproject. Therefore, a more general definition is "Megaprojects are temporary endeavours (i.e. projects) characterised by: large investment commitment, vast complexity (especially in organisational terms), and long-lasting impact on the economy, the environment, and society".[3]
Bent Flyvbjerg, a professor at the Saïd Business School of the University of Oxford says that globally, megaprojects make up 8 percent of total global GDP.[4] Megaprojects refer not only to construction projects but also decommissioning projects, which are projects that can reach multi-billion budgets, and have a high level of innovation and complexity, and are affected by a number of techno-socio-economic and organizational challenges.[5][6]
The OFCCP Mega Construction Project (Megaproject) Program involves projects valued at over $35 million.[7]
^"Megaproject: The Effective Design and Delivery of Megaprojects in the EU". European Cooperation in Science and Technology.
^Flyvbjerg, Bent (2017). The Oxford Handbook of Megaproject Management. Oxford University Press. p. 2. ISBN 978-0198732242.
^Brookes, Naomi J.; Locatelli, Giorgio (2015-10-01). "Power plants as megaprojects: Using empirics to shape policy, planning, and construction management" (PDF). Utilities Policy. 36: 57–66. doi:10.1016/j.jup.2015.09.005. S2CID 8165155.
^Flyvbjerg, Bent (7 Apr 2014). "What You Should Know About Megaprojects and Why: An Overview". Project Management Journal. 45 (2): 6–19. arXiv:1409.0003. Bibcode:2014arXiv1409.0003F. doi:10.1002/pmj.21409. S2CID 153469512. SSRN 2424835.
^Invernizzi, Diletta Colette; Locatelli, Giorgio; Brookes, Naomi J. (October 2017). "Managing social challenges in the nuclear decommissioning industry: A responsible approach towards better performance". International Journal of Project Management. 35 (7): 1350–1364. doi:10.1016/j.ijproman.2016.12.002.
^Invernizzi, Diletta Colette; Locatelli, Giorgio; Grönqvist, Marcus; Brookes, Naomi J. (2019-01-28). "Applying value management when it seems that there is no value to be managed: the case of nuclear decommissioning". International Journal of Project Management. 37 (5): 668–683. doi:10.1016/j.ijproman.2019.01.004. ISSN 0263-7863. S2CID 115941020. Archived from the original on 1 Feb 2019. Alt URL
^
"Office of Federal Contractor Compliance Programs: Mega Construction Project Program".
A megaproject is an extremely large-scale investment project. According to the Oxford Handbook of Megaproject Management, "Megaprojects are large-scale...
This is a list of megaprojects, which may be defined as: Projects that cost more than US$1 billion and attract a large amount of public attention because...
This is a list of megaprojects in India. "Megaprojects are temporary endeavours (i.e., projects) characterized by large investment commitment, vast complexity...
Oil megaprojects are large oil field projects. Definition of megaproject: 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity. [citation needed]...
pronounced [ə- alɡɪdːijːa]) is a planned entertainment and tourism megaproject in Riyadh, Saudi Arabia. Construction started in the beginning of 2019...
This is a list of megaprojects within the transport sector. Care should be taken in comparing the cost of projects from different times, even a few years...
The economy of Russia has gradually transformed from a planned economy into a mixed market-oriented economy. It has enormous natural resources, particularly...
Megaprojects and Risk: An Anatomy of Ambition is a 2003 book by Bent Flyvbjerg, Nils Bruzelius, and Werner Rothengatter, published by Cambridge University...
University of California at Los Angeles. He has written extensively about megaprojects, decision making, city management, and philosophy of social science....
This is a list of megaprojects. "(i.e. projects) characterized by: large investment commitment, vast complexity (especially in organizational terms), and...
field along with Abu Jifan and Mazalij oil fields is called the Khurais Megaproject. The project began in 2006, is led by Halliburton for wells drilling...
Yamal project, also referred to as Yamal megaproject, is a long-term plan to exploit and bring to the markets the vast natural gas reserves in the Yamal...
This is a list of megaprojects in the Seattle area. For this list, a megaproject follows the often cited definition of $1 billion (2017 dollars) or more...
Multi-modal Connectivity (IAST Pradhānmantrī Gatī Shaktī) is an Indian megaproject worth $1.2 trillion USD to provide competitive advantage for manufacturing...
2039. Some experts have expressed skepticism about the ambitions of the megaproject. Neom's construction has also been criticised for environmental and human...
Shimizu Corporation (清水建設株式会社, Shimizu Kensetsu kabushiki gaisha) is an architectural, civil engineering and general contracting firm. It has annual sales...
planned city in Makkah Province, Saudi Arabia. It was announced as a megaproject in 2005 by King Abdullah bin Abdulaziz. It is located in close proximity...
line. The station has been built as part of the Jammu–Baramulla line megaproject, intending to link the Kashmir Valley with Jammu Tawi and the rest of...
series of megaprojects. For instance, the 6.15 km long Padma Bridge was built for US$3.86 billion. The bridge was the first self-financed megaproject in the...
MEED. Retrieved 2024-03-19. Halligan, Neil (2023-02-03). "Saudi Arabia megaprojects 2024: From Neom to AlUla, 17 developments shaping its future". The National...
Kashmir. The station has been built as part of the Jammu–Baramulla line megaproject, intending to link the Kashmir Valley with Jammu Tawi and the rest of...
Heavy equipment Interior design List of tallest buildings and structures Megaproject Megastructure Plasterwork Damp Proofing Parge coat Roughcast Harling...
in Latin) is an international nuclear fusion research and engineering megaproject aimed at creating energy through a fusion process similar to that of...
of bridges in the United States List of longest bridges in the world Megaproject Prestressed concrete Christine Harvey, New Orleans Times-Picayune. "Causeway...
Press. ISBN 978-0-87249-979-9. Wheatley, Thomas (June 10, 2022). "The Megaprojects that will redefine downtown". Axios Atlanta. Retrieved November 16, 2023...
diverting storm water and sewage into temporary holding reservoirs. The megaproject is one of the largest civil engineering projects ever undertaken in terms...
after a formal presentation to the President and CEO in June 1990. The megaproject was announced at the 1990 Farnborough Airshow, with the stated goal of...
Global Information
