Taming the ‘trolls’: Major public projects in the making
| Autor: | Ole Jonny Klakegg, Terry Williams, Asmamaw Tadege Shiferaw |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Project success
Management science business.industry media_common.quotation_subject Corporate governance 05 social sciences Optimism bias 0211 other engineering and technologies 02 engineering and technology Public relations Formal system Project governance Project planning State (polity) Management of Technology and Innovation 021105 building & construction 0502 economics and business Business and International Management Project management business 050203 business & management media_common |
| Zdroj: | International Journal of Project Management. 34:282-296 |
| ISSN: | 0263-7863 |
| DOI: | 10.1016/j.ijproman.2015.03.008 |
| Popis: | Major projects are not yet sufficiently understood, and practices in project governance and project management do not yet reflect the current state of knowledge of large, complex projects. In an attempt to understand the reasons, the authors therefore investigated the latest relevant findings documented in three countries: the UK, Norway, and the Netherlands. Their examination of the effect of implementing governance frameworks for public projects in these countries indicates that efforts to improve major projects are giving rewards: Even if complex public projects, the ‘trolls’, become more challenging, efforts to ‘tame’ them are improving. The results of the study show that project planning has improved and cost overruns are reduced. However, recent observations indicate that the effect may wear off remarkably quickly. Hence, the need for continuous improvement and change is prominent. There are fundamental limitations in the use of formal systems as they cannot detect all problems and there are limitations to humans' ability in terms of optimism bias that cannot be eliminated. |
| Databáze: | OpenAIRE |
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