Industrial Megaprojects (eBook)

EDWARD W. MERROW is the founder and CEO of Independent Project Analysis, Inc., the world's leading consulting firm evaluating billion-dollar megaprojects of national and international oil, chemical, pharmaceutical, and major mineral companies, and benchmarking their cost, schedules, safety, startup, and operational performance. Before founding IPA in 1987, Merrow was a research analyst and later the director of the Energy Policy Program at the RAND Corporation.

Foreword JAMES B. PORTER, JR. vii

Acknowledgments xi

Introduction

Why Megaprojects Fail So Often: Seven Key Mistakes 1

Part One

Understanding the Projects

Chapter 1

Megaprojects--Creators and Destroyers of Capital 11

Chapter 2

Data and Methods 23

Chapter 3

Project Outcomes 37

Part Two

Making the Right Business Decisions Before You Commit

Chapter 4

The Opportunity-Shaping Process 53

Chapter 5

Devising the Shaping Strategy 91

Chapter 6

Megaprojects and Co rporate Governance 123

Part Three

Making the Right Project Decisions

Chapter 7

Basic Data Are Basic: Get Them Right Before You Start to Design
137

Chapter 8

Megaproject Teams: People Do Projects 159

Chapter 9

Organizing Megaproject Teams 185

Chapter 10

Project Defi nition: Getting the Front End Right 199

Chapter 11

Contracting 253

Chapter 12

The Control of Execution Risk 305

Chapter 13

Focus on Success 333

Glossary and Abbreviations 341

Notes 343

Index 347