The most up-to-date edition of the bestselling text on megaprojects

In the newly revised second edition of Industrial Megaprojects: How to Build Billion Dollar Projects On Time and On Budget, veteran megaproject valuator Edward Merrow delivers an accessible and authoritative discussion of why megaprojects frequently go over budget, past their deadlines, or result in safety compromises. You’ll explore project management deficiencies, destructive team dynamics, weak accountability systems, short-term biases, and technical expertise gaps and, more importantly, learn how to avoid or address these pitfalls in the real world.

This latest edition offers extensive new material on renewable energy and decarbonization projects, as well as:

• Clear, nontechnical explanations of why major projects tend to get into trouble
• Strategies to avoid hazardous and costly errors in the high-stakes megaproject environment
• A comprehensive collection of tools, tips, principles, and frameworks to take a megaproject from start to finish without compromising on safety, blowing the budget, or exceeding the deadline

An essential resource for engineers and industry professionals and executives, Industrial Megaprojects remains the gold standard on the subject. It also belongs in the libraries of finance and banking professionals who regularly fund these projects, and academics who research them.