Abstract: Although the science and practice of project management evolved extraordinarily in the past decades, it is still recognized that there remain fundamental deficiencies in complete understanding of the successful means and methods of delivery of infrastructure megaprojects. The theory and practice of megaproject delivery are at a “tension point;” they are expected to produce new guiding theories to deal with these complex phenomena: How to properly address the diverse aspects of megaproject management? How to tackle risks and uncertainties in different phases of such projects? How to compile the body of knowledge needed to administer the exceedingly complex systems influencing megaproject performance and ultimate success?
Megaproject best practices are the driving force for the advancement of megaproject management theory. The Hong Kong-Zhuhai-Macao Bridge (HZMB) spans over 56 kilometers, exemplifying the world’s longest sea-crossing bridge, costing in excess of US$ 17 billion. To make matters even more complicated, HZMB spans two political systems, three currencies, three technical standards, three independent customs zones, and three different government jurisdictions. The project has been hailed by the International Tunnel Association as “the most challenging cross-sea project in the world, and the most complicated project ever.”
This presentation aims at exploring key megaproject management issues for HZMB. It will discuss, among others, the implemented project investment and financing strategy, as well as organizational and decision-making governance mechanism. The presentation will also explain the characteristics of life-cycle integrated management of design, construction and operation, lean and smart project delivery method, and the cultivation of collaborative win-win project culture. The talk will conclude by presenting future trends in, and directions of, infrastructure megaproject management. It is hoped to inspire both industry and academia to explore and reflect upon the most interesting and challenging field of megaproject management.
PMI Talent Triangle: Strategic and Business Management