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LEADER: 02412nam 2200385Ka 450
001 001116765
004 001116765
005 20021023093746.0
008 021022e200110 maua rbt 000 0 eng d
035 $a(OCoLC)50823171
040 $aMYG$cMYG
090 $aHD28.M414 no.4214-01
100 1 $aLessard, Donald R.
245 10 $aUnderstanding and managing risks in large engineering projects /$cDonald Lessard [and] Roger Miller.
260 $a[Cambridge, Mass. :$bAlfred P. Sloan School of Management, Massachusetts Institute of Technology,$c2001]
300 $a17 leaves :$bill. ;$c28 cm.
490 1 $aSloan working paper ;$v4214-01
500 $a"October 2001."
500 $aTitle from cover.
504 $aIncludes bibliographical references (leaf 17).
520 3 $aLarge engineering projects are high-stakes games characterized by substantial irreversible commitments, skewed reward structures in case of success, and high probabilities of failure. Drawing on 60 real life projects, this article shows that successful projects are not selected but shaped with risk resolution in mind. Rather than evaluating projects at the outset based on projections of the full sets of benefits, costs and risks over their lifetime, successful sponsors start with project ideas that have the possibility of becoming viable. Successful sponsors then embark on shaping efforts to influence risk drivers. Keywords: Risk Management, Project Finance, Institutional Strategy, Governance.
530 $aAbstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.
700 1 $aMiller, Roger LeRoy.
710 2 $aSloan School of Management.
830 0 $aWorking paper (Sloan School of Management) ;$v4214.
856 41 $uhttp://ssrn.com/abstract=289260$zTo download paper, go to the bottom of the abstract page and choose a download option.
852 0 $bDEW$cBASMT$hHD28.M414 no.4214-01$4Dewey Library$5Basement
852 0 $bARC$cNOLN2$hHD28.M414 no.4214-01$4Institute Archives$5Noncirculating Collection 2
852 8 $bNET$zInternet Access$h**See URL(s)$4Internet Resource
049 $aMYGG
910 $arch021022.
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949 0 $4IP$ad$bDEW$cSTACK$o0$p39080022460627$x01$hHD28.M414 no.4214-01
949 1 $1Internet Access$an$bNET$h**See URL(s)$o8$x02
994 $a02$bMYG