Megaproject Risk Analysis and Simulation
A Dynamic Systems Approach
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- Description
- Contents
- Reviews
- About
1. Introduction 2. The Edinburgh Tram Network (ETN) Project 3. Megaproject Risks Assessment Framework 4. Megaproject Risk Quantification 5. Risk Simulation 6. Conclusions
- References Appendices Index
This volume outlines the technical details of a dynamic systems approach to megaproject risk analysis and simulation, based on the authors' long-term research into megaproject management, multi-criteria decision making, and system dynamics from 2010 to 2014. They offer a technical solution to overruns on cost and time in megaprojects, based on a comprehensive set of risks associated with social, technical, economic, environmental, and political issues in the megaproject environment and a dynamic systems approach called SDANP, an integrated use of tools including analytic network process (ANP) and system dynamics (SD) for risks prioritization and simulation. The model is described through a case study on the Edinburgh Tram Network project, along with a framework of qualitative risk analysis for megaprojects, megaproject risk quantification, and risk simulation.