What you Should Know about Megaprojects and Why: An Overview

@article{Flyvbjerg2014WhatYS,
  title={What you Should Know about Megaprojects and Why: An Overview},
  author={Bent Flyvbjerg},
  journal={Project Management Journal},
  year={2014},
  volume={45},
  pages={19 - 6}
}
  • B. Flyvbjerg
  • Published 1 April 2014
  • Engineering
  • Project Management Journal
This paper takes stock of megaproject management, an emerging and hugely costly field of study, by first answering the question of how large megaprojects are by measuring them in the units of mega, giga, and tera, and concluding with how we are presently entering a new “tera era” of trillion-dollar projects. Second, total global megaproject spending is assessed, at US$6 to US$9 trillion annually, or 8% of the total global gross domestic product (GDP), which denotes the biggest investment boom… 

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