<p>There are quite a number of researches on the risk management review in</p><p>public projects especially so called megaprojects, public project with high</p><p>investment. Such effort, however, usually tends to offer the lessons in certain</p><p>condition rather than generalize to others. Our research aims to bridge the</p><p>gap by exploring the relation between the public feature of Megaproject and</p><p>its risk management policy option. Under the project risk management</p><p>framework, the case study of Scottish Parliament Building project focuses</p><p>on the stakeholder intervenes during the whole process.</p><p>In the analysis, the risks are first outlined according to the report ex post,</p><p>then we go back to examine the risk assessment and risk control policy</p><p>during the project to identify the reasons leading to the deviation. The</p><p>finding demonstrates the politics intervene has generated high transaction</p><p>cost for project manager to implement risk reduction and mitigation policy,</p><p>and the optimum way under such condition to accept or avoid the risks at all,</p><p>but not handle them. Accordingly, the thesis suggests that the appropriate</p><p>risk transfer and contingency allowance will be the key success factors in the</p><p>megaproject.</p>
| Identifer | oai:union.ndltd.org:UPSALLA/oai:DiVA.org:umu-1510 |
| Date | January 2008 |
| Creators | Li, Duo, Wang, Lei |
| Publisher | Umeå University, Umeå School of Business, Umeå University, Umeå School of Business, Umeå : Handelshögskolan vid Umeå universitet |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, text |
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