What are Megaprojects? How big are mega projects? how much do mega-projects cost? how do we manage mega projects? Watch this short video to learn about mega projects and review some nice examples of mega projects in the world.
A lot of people confuse very large projects with programs well very large projects are what they are. They’re very large projects and they’re not necessarily programs. You can manage them like a program because they have a lot of sub-projects but a large project is typically a large structure so you know a major bridge that connects two cities can be considered and megaproject a huge mall can be considered a mega project an airport is considered a mega project.
So these mega projects are just humongous sized projects and they typically would run the range of 1 billion dollars or more and run for multiple years because they take a long time to actually build and they affect 1 million or more people so something that sizeable is called a mega project and the best approach to managing megaprojects is to find a balance between managing projects and managing programs due to its size