Turner, JR orcid.org/0000-0002-4139-7548 (2022) Using Principal–Steward Contracting and Scenario Planning to Manage Megaprojects. Project Management Journal, 53 (1). pp. 8-16. ISSN 8756-9728
Abstract
Performance on megaprojects is dismal. Megaprojects are complex, but people use constructs inappropriate in complex situations for their management, particularly contractual arrangements based on principal–agent governance and conventional project management, which is good at solving puzzles, but not at enlightening mysteries. I review current thinking. Principal–steward contracting is a liberal governance structure required in complex situations. Conventional project management emphasizes control at the expense of innovation. In cases of high uncertainty, innovation is required as unexpected events occur. Scenario planning is offered as a way of approaching the management of complex megaprojects, to construct narratives, and to identify alternative outcomes.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2021 Project Management Institute, Inc. This is an author produced version of an article published in Project Management Journal. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | uncertainty; governmentality; neoliberal; principal–steward; innovation; scenario planning |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Engineering & Physical Sciences (Leeds) > School of Civil Engineering (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 03 Sep 2021 14:47 |
Last Modified: | 17 May 2023 14:17 |
Status: | Published |
Publisher: | SAGE Publications |
Identification Number: | 10.1177/87569728211061836 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:177781 |