Megaprojects and Risk: An Anatomy of Ambition

This looks cool, from a social capex point of view…

“Risk management is not sufficient in order to fundamentally address the megaproject paradox. The concept of risk provides an instrument to analyze the problem. And lack of accountability to manage risk is identified as the key problem that leads to the megaproject paradox. However, the problem of risk management is a representation of an underlying cause: the institutional arrangement of the decision making process, that is, those who make decisions need not necessarily to be responsible for the risk of decisions made. Fundamentally addressing the megaproject paradox hence lies in better institutional arrangements such that decision makers are also in the position of taking the risks of decisions made, which would create incentives to produce responsible decision making.”

Click Here To Read: Megaprojects and Risk: An Anatomy of Ambition

About Miguel Barbosa

I run this site.

27. July 2010 by Miguel Barbosa
Categories: Curated Readings, Risk & Uncertainty | Leave a comment

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