Megaprojects, Complexity, and Investment DecisionsReport as inadecuate




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The need for basic infrastructure for economic development in developing countries has mademegaprojects popular, in such parts of the world. Megaprojects can be very important to a hostcountry: the Nigeria Liquefied Natural Gas NLNG Project has contributed about four percent ofNigeria’s Gross Domestic Product. However, due to the complexity involved with megaprojects,project failure rate is high around the world, especially so for upstream oil and gas projects. Thispaper recommends a systems approach to megaprojects analysis, for a better understanding ofthese projects: from the pre-final investment decision FID stage through project execution. Thisauthor believes that a system approach to megaprojects analysis should provide better decisionquality for decision makers.

KEYWORDS

Megaprojects, Complexity, Investment, Decision Analysis

Cite this paper

Omoregie, U. 2016 Megaprojects, Complexity, and Investment Decisions. Open Journal of Business and Management, 4, 219-224. doi: 10.4236-ojbm.2016.42023.





Author: Uyiosa Omoregie*

Source: http://www.scirp.org/



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