Asset or Problem: Decision Making and Strategic Ambiguity in Mega Projects

Abstract

In mega projects, the project phases from the initial planning stage to implementation stage can be spread more than twenty year. In this long period numerous external changes occur which will effect on project directly or indirectly. Major factors are political conditions of the country, technology, financial conditions, labor and all working conditions, land and other market conditions will change in long run during the implementation of mega project. A lot of unforeseen events will occurs, these unforeseen conditions, realization and resources causes the different output as compared to expected outputs in the mega projects. That’s why the planning of mega project is most strategic decision making moment in the life of organizations. So, it’s the responsibility of the project managers to keep the mega and complex projects as simple and flexible which can be adjustable in unforeseen condition.  In this study the planning of mega projects is explored. The planning of mega projects is most important and organizations must have too kept in consideration the unforeseen conditions in their planning and decision making process. Mega and complex project have different uncertainty and ambiguity factors which can be minimized by taking rational decisions.

Keywords: Mega Projects, Project Planning, Rational Decision Making, Strategic Ambiguity and Project Uncertainty.