Looking back to see the future: building nuclear power plants in Europe

Locatelli, Giorgio and Mancini, Mauro (2011) Looking back to see the future: building nuclear power plants in Europe. Construction Management and Economics, 30 (8). pp. 623-637. ISSN 0144-6193

Documents
Looking_back_to_see_the_future_Building_Nuclear_Power_Plants_in_Europe.pdf
[img]
[Download]
[img]
Preview
PDF
Looking_back_to_see_the_future_Building_Nuclear_Power_Plants_in_Europe.pdf - Whole Document

596kB

Full text URL: http://www.tandfonline.com/doi/abs/10.1080/0144619...

Abstract

The so-called ‘nuclear renaissance’ in Europe is promulgated by the execution of two large engineering projects involving the construction of two European Pressurized Reactors (EPRs) in Flamanville, France and Olkiluoto in Finland. As both projects have faced budget overruns and delays, this paper analyses their governance and history to derive lessons useful for the construction of future projects. Analysis indicates that the reasons for these poor outcomes are: overoptimistic estimations, first-of-a-kind (FOAK) issues and undervaluation of regulation requirements. These pitfalls have the potential to impact on many other engineering construction projects and highlight fruitful areas of further research into project performance.

Item Type:Article
Additional Information:The so-called ‘nuclear renaissance’ in Europe is promulgated by the execution of two large engineering projects involving the construction of two European Pressurized Reactors (EPRs) in Flamanville, France and Olkiluoto in Finland. As both projects have faced budget overruns and delays, this paper analyses their governance and history to derive lessons useful for the construction of future projects. Analysis indicates that the reasons for these poor outcomes are: overoptimistic estimations, first-of-a-kind (FOAK) issues and undervaluation of regulation requirements. These pitfalls have the potential to impact on many other engineering construction projects and highlight fruitful areas of further research into project performance.
Keywords:Cost escalation, delay, large engineering projects, nuclear power plants, optimism bias
Subjects:H Engineering > H100 General Engineering
Divisions:College of Science > School of Engineering
ID Code:7017
Deposited By: Giorgio Locatelli
Deposited On:07 Dec 2012 09:31
Last Modified:13 Mar 2013 09:20

Repository Staff Only: item control page