| Abstract: | Developing macroengineering projects will require continuous adaptations to changes in concepts, economics, environment, and technology. Contemporary macro- project developers face extraordinary and unprecedented uncertainties, making it incredibly difficult to plan and complete projects. Macroproject planners and developers should at the very least build sufficient economic margins and development flexibility into each project. Some of the key issues that need to be considered in this decade and beyond include financing, the sanctity of supporting contractual agreements, appropriate technology and economics, project execution techniques, and appropriate managerial structures. This will require new procedures and techniques to analyze the many factors bearing upon macroproject developments, as well as a reexamination and enhancement of management tools which can span the vast variety of functions to be coordinated and can respond to the political, social, economic, financial, technical, and construction aspects of macroprojects under volatile and changing circumstances. |
