The divergence between actual and estimated costs in large industrial and infrastructure projects: is nuclear special?

Mancini, Mauro and Locatelli, Giorgio and Sainati, Tristano (2015) The divergence between actual and estimated costs in large industrial and infrastructure projects: is nuclear special? In: Nuclear new build: insights into financing and project management. Nuclear Energy Agency, pp. 177-188. ISBN UNSPECIFIED

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Abstract

Megaprojects are frequently over
budget and late all over the world in many different sectors. There has been little or no
improvement over the decades. Project performance today is roughly similar to ten,
twenty and thirty years ago. On the other hand, even if public opinion and the press are
focusing on nuclear projects being over budget and late, such poor performance is not a fatality. The Korean and the (pre-2000) French experience shows that it is possible to deliver nuclear projects on time and budget. Key success factors are the replication of existing reactors, a relative monoculture, a stable environment with experienced stakeholders and a long-term view. Some of these factors may no longer be replicable and the most promising way forward may be to start learning from other high technological sectors such as aerospace or oil and gas, where a number of major companies have evolved from national champions to global competitors.

Keywords:Nuclear, Nuclear energy, Nuclear power, Nuclear Energy Policy, Nuclear power plant project, Project management
Subjects:H Engineering > H821 Nuclear Engineering
H Engineering > H100 General Engineering
H Engineering > H221 Energy Resources
N Business and Administrative studies > N213 Project Management
Divisions:College of Science > School of Engineering
ID Code:18347
Deposited On:11 Aug 2015 16:23

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