ISBN: 3540214402
TITLE: Giant Projects
AUTHOR: Grün/Taming
TOC:

Part One: A New Challenge for Project Management 1
A. Big Projects - Big Problems 3
I. MOEs: Giants Among Projects 3
1. Basic Characteristics 3
2. MOEs as Challenge for Project Management 5
II. Approaches to Research an MOEs 8
1. Lack of Theory 8
2. Lack and Incompatibility of Empirical Studies ll
3. Our Research Approach .13
4. Design of the Book 17
Part Two: Goal Achievement 21
B. Technical Goals 24
I. Structure of Technical Goals .24
II. Different Levels of Achievement 27
III. Summary and Conclusion 30
C Time Goals 32
I. Structure of Time Goals 32
II. Different Levels of Achievement 33
III. Summary and Conclusion 35
D. Financial Goals 37
I. Structure of Financial Goals 37
II. Different Levels of Achievement 41
1. Costs of Completion .41
2. Costs of Operation & Maintenance 44
III. Approaches to Explain the Achievement of Financial Goals 45
1. Overview 45
2. Empirical Relevance for the Cost-Accounting Approach .48
3. Summary and Conclusion 53
E. Overall Performance 56
Part Three: Success Factors .61
F. Strategies for Selecting Success Factors 63
G. Formulation and Change of Goals 69
I. Overlapping of Formulation and Change of Goals 69
II. Types of Goal Change and their Impact an Goal Achievement 70
III. Managing Formulation and Change of Goals 74
H. Basic Design 78
I. Meaning and Variety of Basic Design 78
II. Impact of Basic Design an Goal Achievement 82
III.Managing Basic Design 84
1. Limiting Risks 84
2. Breaking Down of Basic Design 87
3. Maintaining Consistency 91
4. Project Owners' Responsibilities 92
I. Socio-Political Environment 94
I. Various Spheres of Socio-Political Environment 94
1. Nature and Development of MOEs 94
2. Parent Organizations 95
3. Contractors 96
4. Local, Regional, and National Institutions 97
II. Impact of the Socio-Political Environment an Goal Achievement 101
III. Managing the Socio-Political Environment 102
J. Management Structure and Management Capacity IOS
I. Elements and Variety of Management Structure and Management
Capacity 105
1. Type, Time of Establishment, and Size of the Project Company 106
2. Organizational Structure 111
3. Integration of Contractors, Experts, Consultants, Users, and Auditors 116
4. Recruitment of Project Managers and Project Staff 122
5. Staff Turnover in the Project Company 125
6. Summary 126
II. Impact of Management Structure and Management Capacity on Goal Achievement 127
III. Guidelines for the Design of Management Structure and Management Capacity 128
K. Success Factors and Goal Achievement 131
I. Summarized Empirical Findings an Success Factors 131
II. Interdependence of Success Factors 134
III. Interdependence of Success Factors and Goal Achievement 136
Part Four: Case Studies 141
L. The Olympic Summer Games 1972 in Munich 143
I. Characteristics of the Summer Garnes 1972 143
II. Achievement of Goals 144
1. Technical Goals 144
2. Time Goals .145
3. Financial Goals .145
4. Overall Performance .146
III. Success Factors 146
1. Formulation and Change of Goals 147
2. Basic Design 150
3. Socio-Political Environment .153
4. Management Structure and Management Capacity 153
IV.Interdependence of Success Factors and Goal Achievement 159
M. The Olympic Winter Games 1980 in Lake Placid 162
I. Characteristics of the Winter Garnes 162
II. Achievement of Goals 163
1. Technical Goals 163
2. Time Goals .165
3. Financial Goals .166
4. Overall Performance .168
III. Success Factors 169
1. Formulation and Change of Goals 169
2. Basic Design 171
3. Socio-Political Environment .172
4. Management Structure and Management Capacity 173
IV.Interdependence of Success Factors and Goal Achievement 176
N. The University Hospital Vienna 181
I. Characteristics of the Vienna Hospital 181
II. Achievement of Goals 181
1. Technical Goals 181
2. Time Goals .183
3. Financial Goals .183
4. Overall Performance .184
III. Success Factors 184
1. Formulation and Change of Goals 184
2. Basic Design 187
3. Socio-Political Environment .189
4. Management Structure and Management Capacity 190
IV.Interdependence of Success Factors and Goal Achievement 196
O. The University Hospital Munich 200
I. Characteristics of the Munich Hospital 200
II. Achievement of Goals 200
1. Technical Goals 200
2. Time Goals .201
3. Financial Goals 202
4. Overall Performance 203
III. Success Factors 203
1. Formulation and Change of Goals 203
2. Basic Design 205
3. Socio-Political Environment .207
4. Management Structure and Management Capacity 207
IV.Interdependence of Success Factors and Goal Achievement 210
P. The Large Energy Converter Growian 214
I. Characteristics of GROWIAN 214
II. Achievement of Goals 215
1. Technical goals 215
2. Time goals 216
3. Financial Goals 217
4. Overall Performance 218
III.Success Factors 218
1. Formulation and Change of Goals 218
2. Basic Design 221
3. Socio-Political Environment .224
4. Management Structure and Management Capacity 225
IV.Interdependence of Success Factors and Goal Achievement 229
Part Five: Conelusion .235
Q. Lessons for the Future 237
I. Pre-Start Activities 237
l Questioning MOE-Initiatives 237
2. Assessing Project Management Capacity 239
II. Minimax Versus Maximin 240
1. Limiting Risks 240
2. Learning in MOEs as a Tool for Limiting Risks 245
III. Benefits of Indirect Cost Management 249
IV.Internal and External Reporting Systems 254
V. The Futility of Final Words .256
List of Figures .259
List of Tables 263
References 265
END

Giant Projects often end in giant failures. From the ancient tower of Babel to the recent Transrapid train, giant projects stumble from crisis to crisis. Based on an analysis of the technical, time, and financial goals from case studies (Olympic Games, university hospitals, and a huge wind energy converter), four success factors in managing giant projects are identified: Formulation and change of goals, basic configuration, socio-political environment, and management structure and capacity. The book focuses on the crucial role of the project owner and the relations among the four success factors. It offers recommendations and guidance on successfully completing giant projects to owners, project managers and contractors.