Brookes, N and Locatelli, G (2015) Power Plants as Megaprojects: Using Empirics to Shape Policy, Planning and Construction Management. Utilities Policy, 36. 57 - 66. ISSN 0957-1787
Abstract
Megaprojects are historically associated with poor delivery, both in terms of schedule and cost performance. Empirical research is required to determine which characteristics of megaprojects affect schedule and cost performance. Capital-intensive power plants can be understood as megaprojects and time delays and cost escalation during the construction phase can undermine their overall economic viability. This paper presents a systematic, empirically based methodology that employs the Fisher Exact test to identify the characteristics of power plant megaprojects (PPMs) that correlate with schedule and cost performance. We present the results of applying this methodology to a dataset of 12 PPMs using nuclear, coal, and renewable resources as case studies. The results highlight the importance of modular technologies, project governance, and external stakeholder involvement. Key findings both support and contradict the literature. The paper provides two major original contributions. First, we present and apply a systematic, empirical and statistical approach to understanding PPMs planning and construction. Second, we show how this approach can be used to inform public policy and project management with regard to PPMs.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2015 Elsevier Ltd. All rights reserved. This is an author produced version of a paper published in Utilities Policy. Uploaded in accordance with the publisher's self-archiving policy |
Keywords: | Megaprojects; power plant economics; capital intensive; project management; construction management; budget; schedule |
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) > Institute for Resilient Infrastructure (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 28 Sep 2015 14:28 |
Last Modified: | 13 Apr 2017 14:34 |
Published Version: | http://dx.doi.org/10.1016/j.jup.2015.09.005 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.jup.2015.09.005 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:90267 |