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Large engineering projects (LEPs) are high-stakes games characterized by substantial irreversible commitments, skewed reward structures when they are successful, and high probabilities of failure. Their dynamics also change over time. The journey from initial conception to ramp-up and revenue...
Persistent link: https://www.econbiz.de/10003948739
This paper describes our conceptualization of complexity in Large Infrastructure Projects (LIPs). Since complexity itself is an emergent concept that is hard to pin down, we focus on the relationship between various project features and, particularly, properties associated with complexity such...
Persistent link: https://www.econbiz.de/10010195021