Can I read Why are Megaprojects, Including Nuclear Power Plants, Delivered Overbudget and Late? Reasons and Remedies on EtoBox?

Why are Megaprojects, Including Nuclear Power Plants, Delivered Overbudget and Late? Reasons and Remedies by Locatelli, Giorgio is a scholarly article available to read on EtoBox.

What is Why are Megaprojects, Including Nuclear Power Plants, Delivered Overbudget and Late? Reasons and Remedies about?

In the first section, this report analyses Nuclear Power Plants (NPPs) in the context of megaprojects, explaining why they are often delivered over budget and late. In the second section, the report discusses how Small Modular Reactors (SMRs) might address these issues. Megaprojects are extremely risky and often implemented after a sub-optimal phase of project planning leading to underestimations of the costs and overestimation of short-term benefits. When considering adherence to schedule and budget, often megaprojects might be considered a failure, and optimism bias, strategic mis-rapresentation, complexity, poor planning, poor risk allocation, poor scope management are all reasons to explain their over budget and delay. For megaprojects, especially in the nuclear field, a key strategy to achieve good performances appears to be the standardization. This standardization needs to be twofold: (i) technical standardisation, i.e. the construction of very similar design over and over, and (ii) the project delivery chain standardisation, i.e. the same stakeholders involved in the delivery of a project that is replicable multiple times. Under this perspective, given their size and standa

Author

Locatelli, Giorgio

Published

2018

Language

EN