OtherDOI
Evolving Strategy: Risk Management and the Shaping of Mega-Projects
Roger Miller,Donald R. Lessard +1 more
TLDR
In this paper, the authors argue that the succession of shaping episodes that form the front-end process to cope with risks can be reinterpreted in terms of the real-options framework that is currently revolutionizing academic treatments of project evaluation.Abstract:
The authors of this paper argue that the succession of shaping episodes that form the front-end process to cope with risks can be reinterpreted in terms of the real-options framework that is currently revolutionizing academic treatments of project evaluation In fact, as is often the case with cutting-edge practice, managers have been successful at creating value through the development and exercise of sequential options without explicitly framing the process in options terms Academics have simply codified this practice in the form of a new conceptual framework The real-options framework is based on the same logic as that of financial options as previously developed It recognizes that the decisions that determine project cash flows are made sequentially over many episodes This paper illustrates the rich varieties of mechanisms through which these options are shaped and exercised over the life of the project – the real management that is integral to real optionsread more
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Journal ArticleDOI
Location decisions of large firms: analyzing the procurement of infrastructure services
TL;DR: In this paper, a case study of a large manufacturing firm, ThyssenKrupp (TK) AG, which recently invested €7 billion in steel processing facilities in Brazil and USA is presented.
Journal ArticleDOI
Contested overruns and performance of offshore wind power plants
TL;DR: In this article, the authors investigated cost, time, delays and performance results of selected British offshore wind power plants, with a focus on strategic misrepresentation, and provided a technologically precise and contemporary conceptualization in comparison with complex engineering and megaproject approaches.
Journal ArticleDOI
Decision-Making on Transport Infrastructure and Contested Information: A Critical Analysis of Three Approaches
C.J.C.M. Martens,P. van Weelden +1 more
TL;DR: A theoretical framework based on different perspectives on rationality and the role ascribed to information in decision-making is developed and shows that none of the approaches can fully deal with the contested nature of information.
Journal Article
Mega Projects and Governmentality
TL;DR: In this article, Foucault's theory of governmentality is used as a possible frame of analysis to shed light on the intractability of the problems that have been identified, through an identification of the art of government in which MUTPs occur.
Proceedings ArticleDOI
Management of Technology: The Case of e-Voting in Estonia
TL;DR: In the case of new solutions, it is highly important to address societal risks by increasing absorptive capacities and generating public acceptance as mentioned in this paper, which can, as such, be considered one of the most, if not the most ambitious field of application.