Why Is Megapro Subject Important

2. Explain why understanding how to improve the success rate on megaproject is so important.

Megaprojects are very important for any economy. Without the industrial megaprojects in the extractive and manufacturing sectors, global competition for resources, which is already very intense, would become unmanageable. The overall megaproject effect on global economic growth has been substantial. Megaprojects are responsible directly and indirectly for millions of jobs around the world, and without the many megaprojects we have seen over the past decade, global prices for virtually all major commodities would be much higher with all the attendant economic dislocation. Also for the sponsors of megaprojects, success or failure of the project
can