Large dam projects are too often at risk of over-exceeding budgets, producing debt and failing to deliver.
(PRWEB UK) 19 March 2014
A new report from Oxford University, reported by BBC News, has argued that large dam projects are too often at risk of over-exceeding budgets, producing debt and failing to deliver, making them an uncertain investment that throws their overall viability into doubt. These potential problems also call the project management success of these ventures into question.
The famous Hoover Dam, which was completed two years ahead of schedule and around $15 million (£9 million) under budget, is now seen as an anomaly with research from Oxford University discovering that dam projects actually overrun their approved budgets by 96% on average. With new ways of generating energy increasingly being looked at, however, co-called megadam projects are once again becoming common.
Julia Jones, a hydrologist at Oregon State University, said: "It all depends on who's at the table. There has been a lot of controversy for half a century or more about the larger context in which these projects are constructed - that is, who loses their livelihoods, who gains from the construction of the dam and the environmental benefits and costs."
ILX, a leading provider of project management training courses, have responded to these new findings and commented on the pros and cons of such big projects. A spokesperson for the company said:
“Any large scale project such as those for megadams will have the potential to overrun on budget and agreed schedule, but with many of these projects exceeding approved budgets by almost double and taking much longer than expected, the viability of entering into them arguably needs to be questioned. Capable project managers, however, will be more able to steer such large projects to be completed on time and on budget, with the knowledge and methodology acquired through training courses such as PRINCE2 from ILX.”
ILX is a leading global provider of Best Practice learning solutions and consulting services and is a market leader in PRINCE2 training. Operating across 100 countries, they have delivered learning solutions to corporate, public, and consumer audiences for over 25 years. They have trained over 100,000 learners in more than 5,000 organisations across their virtual and online learning programmes, as well as in classroom environments.
PRINCE2® is a registered trade mark of AXELOS Limited.