Prof Flyvbjerg goes on to quote The McKinsey Global Institute (2013) which “estimates global infrastructure spending will be US$3.4 trillion per year between 2013 and 2030” and The Economist: “infrastructure spending in emerging economies at US$2.2 trillion annually for the period 2009-2018”. Including fields other than infrastructure such as oil and gas, mining, aerospace, defense, ICT, mega events and others, Flyvbjerg predicts the global megaproject market at between US$6 and US$9 trillion per year, or approximately 8% of total global GDP. 
Can the various international project management bodies of knowledge, standards and professional practices handle such massive projects? Or is an entire new body of knowledge needed that can be embraced by financial, industrial and governmental organizations and executives? Project management experts, researchers and those working on megaprojects are invited to submit an article or paper on megaproject management for publication in the PMWJ.
According to Managing Editor David Pells, “I have read again recently that 90+% of megaprojects fail to meet cost, schedule or performance objectives. This is even worse than the dismal record for information systems and technology projects. What is so different about really big projects? If you have knowledge and experience in this area, please share with the rest of us.”
The PMWJ includes articles and papers in the following categories: advisory articles, featured papers, commentary articles, student papers, case studies, personal stories, reports, book reviews and news stories. Previously published papers can also be submitted for publication in the Second Editions section of the journal. Send inquiries or completed works to email@example.com.
“The World Bank estimates the need for several trillion dollars just for infrastructure projects in Africa over the next few years,” Pells adds. “If most large projects are currently doomed for failure, then there is a great need to mobilize more knowledge and expertise related to planning and managing these huge efforts.”
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PM World Journal (PMWJ) is a web-based monthly publication featuring dozens of articles, papers and stories about projects and project management around the world. The PMWJ is produced by PM World, which also operates the PM World Library (PMWL), a global resource for continuous learning in portfolio, program and project management (P/PM). To read the latest PMWJ, go to www.pmworldjournal.net; to learn more, visit www.pmworldlibrary.net.
 Flyvbjer, Bent; What You Should Know About Megaprojects and Why: An Overview; Project Management Journal, April/May 2014; pp 6-19.
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