Managing uncertainty in megaprojects

Only 8.5% of the world’s ‘megaprojects’ – infrastructure projects costing more than $1 billion – are completed within the original budget and timeframe. This new research from The Bartlett School of Sustainable Construction UCL and Imperial College London shows that infrastructure megaprojects can improve economic value by 20-30% by embedding flexibility into the way the project is managed.

Dr Ilias Krystallis and Dr Michel-Alexandre Cardin discuss how new tools can help major infrastructure projects stay on track – and on budget – by planning for uncertainty.