WHY ARE MEGAPROJECTS, INCLUDING NUCLEAR POWER PLANTS, DELIVERED OVERBUDGET AND LATE? REASONS AND REMEDIES

Report Date: January 2018
Appendices: No

The Performance of Megaprojects

Megaprojects are usually defined as projects with budgets above $1 billion that involve a high level of innovation and complexity (Flyvbjerg et al. 2003; Locatelli, Mancini, et al. 2014; Merrow 2011; Van Wee 2007). However, already in 1985, (Warrack 1985) noted that $1 billion is not a constraint in defining megaprojects since sometimes a relative approach is needed. In fact, in some contexts, a much smaller project (such as one with a $100 million budget), could constitute a megaproject.

Program:     ANP : Advanced Nuclear Power Program

Type:     TR 

RPT. No.: 172