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Managing uncertainty (opportunities and threats) in megaprojects
Megaprojects inherently contain high levels of uncertainty, due to their scale, complexity and heterogeneous one-off delivery nature. Dealing with uncertainty (a ubiquitous phenomenon) in projects requires numerous approaches on multiple fronts (e.g. at an individual, organisational and inter-organisational level). Uncertainty is viewed as the unknown opportunity or threat that could emerge from multiple external and internal sources and has an influence during the project evolution. This paper draws on existing conceptual and empirical findings to understand uncertainty in megaprojects, this includes the megaproject context (underlying organisational dynamics), characteristics of uncertainty and management of uncertainty. Based on the initial findings, the key emerging ideas are developed into a set of preliminary propositions to guide research on understanding uncertainty within megaprojects. The conceptual findings provide the foundation required for further empirical research to explore and identify the key challenges and solutions of managing uncertainty and its characteristics through a multi-perspective approach.
Managing uncertainty (opportunities and threats) in megaprojects
Megaprojects inherently contain high levels of uncertainty, due to their scale, complexity and heterogeneous one-off delivery nature. Dealing with uncertainty (a ubiquitous phenomenon) in projects requires numerous approaches on multiple fronts (e.g. at an individual, organisational and inter-organisational level). Uncertainty is viewed as the unknown opportunity or threat that could emerge from multiple external and internal sources and has an influence during the project evolution. This paper draws on existing conceptual and empirical findings to understand uncertainty in megaprojects, this includes the megaproject context (underlying organisational dynamics), characteristics of uncertainty and management of uncertainty. Based on the initial findings, the key emerging ideas are developed into a set of preliminary propositions to guide research on understanding uncertainty within megaprojects. The conceptual findings provide the foundation required for further empirical research to explore and identify the key challenges and solutions of managing uncertainty and its characteristics through a multi-perspective approach.
Managing uncertainty (opportunities and threats) in megaprojects
Rickaby, B (author) / Krystallis, I (author) / Davies, A (author) / Walker, Derek
2018-12-12
In: Walker, Derek, (ed.) Proceedings of the 14th International Research Network on Organizing by Projects (IRNOP 2018). International Research Network on Organizing by Projects (IRNOP): Melbourne, Australia. (2018)
Paper
Electronic Resource
English
DDC:
690
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