Risk management in a mega-project: the Universal EXPO 2015 case

Locatelli, Giorgio and Mancini, Mauro (2010) Risk management in a mega-project: the Universal EXPO 2015 case. International Journal of Project Organisation and Management, 2 (3). pp. 236-253. ISSN 1740-2891

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Abstract

The paper analyses the literature on risk management in mega-projects suggesting possible mitigation actions to be considered in the stakeholders' management. EXPO 2015 represents a perfect project to understand the strength of a rigorous methodological approach to uncertainty and the need for a mature consciousness at managerial level on these topics. Analysing real available data on this project, the number of visitors appears overestimated, so, by adopting a framework, called SHAMPU, the paper quantifies the relative impact and provides possible mitigation actions. Practical actions crossing the risk management phases in mega projects proposed by literature are suggested in the conclusions.

Item Type:Article
Keywords:mega-projects, Expo 2015, Risk Management, Optimism bias, Project Management, uncertainty, Visitor numbers.
Subjects:N Business and Administrative studies > N341 Financial Risk
N Business and Administrative studies > N213 Project Management
Divisions:College of Science > School of Engineering
ID Code:5567
Deposited By: Giorgio Locatelli
Deposited On:17 May 2012 09:03
Last Modified:07 Aug 2014 09:46

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