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Industrial Megaprojects
Book

Industrial Megaprojects

Concepts, Strategies, and Practices for Success

Edward W. Merrow
Wiley, 2011

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Editorial Rating

9

Qualities

  • Comprehensive
  • Innovative
  • Well Structured

Recommendation

Few industrial corporations would consider a success rate of 25% to 35% acceptable, yet this is the average for megaprojects worth $1 billion or more. Edward W. Merrow, an expert on staggeringly big projects, details why many such endeavors fail and what owners can do to ensure that their megaprojects meet their business objectives. Merrow’s book could have been quite dry, considering the subject matter, but it proves to be engaging and revealing instead. getAbstract recommends this informative, interesting read to project directors, sponsors, investors, board members and senior executives at industrial corporations.

Take-Aways

  • At least 65% of industrial megaprojects valued at $1 billion-plus are business failures.
  • These failures seldom have anything to do with project execution.
  • Most megaprojects fail due to an inadequate assessment of the project’s opportunities and inefficient governance.

About the Author

Edward W. Merrow is the founder and CEO of Independent Project Analysis, a consultancy specializing in analyzing projects and project management systems.

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