THE FUTURE OF MEGAPROJECT MANAGEMENT

  • Thomas A. McDermott
  • , Zhongyuan Yu
  • , Molly Nadolski
  • , Megan Clifford

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Scopus citations

Abstract

The integration of data visualization, artificial intelligence (AI), and machine learning (ML) with human knowledge transfer across teams presents significant opportunities for managing the world's largest programs, commonly referred to as megaprojects. According to the Oxford Handbook of Megaproject Management, megaprojects are characterized as “large-scale, complex ventures that typically cost $1 billion or more, take many years to develop and build, involve multiple public and private stakeholders, are transformational, and impact millions of people.” These projects often function as mega-systems marked by operational uncertainty, behavioral complexity, pluralistic decision-making, and external environmental volatility. Despite the fundamental role of uncertainty management in megaproject leadership, the project management literature offers limited coverage on this topic. Similarly, the visualization of uncertainties has not been extensively analyzed. In response to these gaps, this study introduces a new assessment framework designed to categorize and describe the dimensions of uncertainty in megaprojects. We developed an innovative megaproject uncertainty framework to use as a project assessment and management playbook for megaproject uncertainties. The framework was tested on historical case studies and ongoing megaprojects. This paper will discuss the development, application, and evaluation of the Megaproject Uncertainty Framework..

Original languageEnglish
Title of host publicationProceedings of the 2024 International Annual Conference and 45th Annual Meeting
Subtitle of host publicationEngineering Management Riding the Waves of Smart Systems, ASEM 2024
EditorsGanapathy Natarajan, Hao Zhang, Ean Ng
Pages252-262
Number of pages11
ISBN (Electronic)9798985333480
StatePublished - 2024
Event2024 International Annual Conference of the American Society for Engineering Management and 45th Annual Meeting: Engineering Management Riding the Waves of Smart Systems, ASEM 2024 - Virginia Beach, United States
Duration: 6 Nov 20249 Nov 2024

Publication series

NameProceedings of the 2024 International Annual Conference and 45th Annual Meeting: Engineering Management Riding the Waves of Smart Systems, ASEM 2024

Conference

Conference2024 International Annual Conference of the American Society for Engineering Management and 45th Annual Meeting: Engineering Management Riding the Waves of Smart Systems, ASEM 2024
Country/TerritoryUnited States
CityVirginia Beach
Period6/11/249/11/24

Keywords

  • artificial intelligence
  • complexity
  • data analytics
  • leadership
  • Megaproject
  • uncertainty

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