This report reviewed the Edinburgh tram project’s risk management. Projects frequently overrun their cost and timelines and fall short of the intended benefits. Cost, schedule and benefit risk of projects need to be carefully considered to avoid this. Often project risks are underreported or...

This paper gives an overview of good and bad practice for understanding and curbing cost overrun in large capital investment projects, with a critique of Love and Ahiaga-Dagbui (2018) as point of departure. Good practice entails: (a) Consistent definition and measurement of overrun; in contrast...

This report was commissioned by the Commission of Inquiry Respecting the Muskrat Falls Project to provide the national and international context in which the Muskrat Falls Project took place. The Commission asked for the report to cover three specific topics of questions: 1. What is the national...

Given that Olympic Games held over the past decade each have cost USD 8.9 billion on average, the size and financial risks of the Games warrant study. The objectives of the Oxford Olympics study are to (1) establish the actual out turn costs of previous Olympic Games in a manner where cost can...

China’s three-decade infrastructure investment boom shows few signs of abating. Is China’s economic growth a consequence of its purposeful investment? Is China a prodigy in delivering infrastructure from which rich democracies could learn? The prevalent view in economics literature and...

The Oxford Handbook of Megaproject Management provides state-of-the-art scholarship in the emerging field of megaproject management. Megaprojects are large, complex projects which typically cost billions of dollars and impact millions of people, like building a high-speed rail line, a megadam, a...

The suggestion to make a Chinese translation of Megaprojects and Risk: An Anatomy of Ambition was particularly welcome. The book is about how to plan and deliver megaprojects in ways that secure successful outcomes. Megaprojects are highly risky and often go wrong, even in China. Some have gone...