Risk, uncertainty and governance in megaprojects: A critical discussion of alternative explanations

This article critically discusses different explanations for the performance problems exhibited by many megaprojects, and examines the proposed governance solutions. It proposes a three-fold typology of explanations and solutions by examining authors’ epistemological assumptions about decision-maker cognition and about decision-maker views on the nature of the future. It argues that despite important differences in their epistemological...