Infrastructure is crucial to economic performance; without it, business cannot operate efficiently or competitively. Delivery of large infrastructure projects, however, is complex and despite many more megaprojects being undertaken than any time in history, the majority of these projects are completed significantly over-budget and longer than planned. In this unit, students will be introduced to megaproject decision making. The sources of social and technical complexity are discussed, issues of risk management and governance explored, and human biases in decision making are also highlighted. Strategies to overcome weaknesses in mega project decision making are also outlined.
8 x 3.5 hr lectures, 4 x 3.5 hr workshops. Refer to timetable for full details.
2x individual assignments (40%), group assignment (30%), final exam (30%)
ITLS5000 or TPTM5001 or ITLS5100 or TPTM6241 or INFS5001