Megaprojects, sometimes called major programs, are large-scale, complex ventures that typically cost more than 1 billion US Dollars, take many years to build, involve multiple public and private stake-holders and impact millions of people.
Megaprojects include special economic zones, public buildings, power plants, dams, airports, seaports, bridges, highways, tunnels, railways, wastewater projects, oil and natural gas extraction projects, aerospace projects, weapons systems, information technology systems, large-scale sporting events and, more recently.
Choosing the right project delivery strategy, managing risk, and developing specific policies and procedures will ensure a project is completed on time and within budget.