Megaprojects and Risk: An Anatomy of Ambition is a 2003 book by Bent Flyvbjerg

Bent Flyvbjerg

Bent Flyvbjerg is the first Chair and BT Professor of Major Programme Management at Oxford University's Saïd Business School and is Founding Director of the University's BT Centre for Major Programme Management. He was previously Professor of Planning at Aalborg University, Denmark and Chair of...

, Nils Bruzelius, and Werner Rothengatter, published by Cambridge University Press

Cambridge University Press

Cambridge University Press is the publishing business of the University of Cambridge. Granted letters patent by Henry VIII in 1534, it is the world's oldest publishing house, and the second largest university press in the world...

. "Megaprojects" is the term applied to multi-billion dollar infrastructure developments such as massive dams and bridges, and to elaborate railways and highways. The "megaprojects paradox" is that more of these projects are being implemented, but such projects typically perform very poorly, often with substantial cost overruns and market shortfalls.