In the book megaprojects and risk

Reference no: EM131126797

In the book Megaprojects and Risk: An Anatomy of Ambition, the authors suggest a cure for what is termed the "megaproject paradox." Two important recommendations they have are (1) that the role of government should be shifted from involvement in project promotion to keeping an arm"s-length distance and restricting its involvement to the formulation and auditing of public interest objectives to be met by the megaproject and (2) involving risk capital from the private investor as a sound test on the viability of the project up front. Do you agree with these suggestions? Why or why not? If these suggestions had been implemented on the Big Dig, might the outcome have been different? Do you agree that the public owner should maintain an arm"s-length distance?

Reference no: EM131126797

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