by Simplar | Jan 14, 2021 | Business Failure, Business Failure
The Big Dig  No discussion of the failure rate of megaprojects would be complete without a careful look at Bostonâs Big Dig, the largest and most challenging highway project in the history of the United States. Few megaprojects have been accused by so many of taking...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning
Why Megaprojects So Often Fail  With a total capital cost of $1 billion or more, megaprojects are extremely risky ventures, notoriously difficult to manage, and often fail to achieve their original objectives. The question is why. The construction industry is one of...
by Simplar | Jan 14, 2021 | Leadership, Leadership
Beyond COVID Part 4 Executing Change  If you have filled out your âSelf-Analysisâ and scored your company against the most successful companies, you are probably considering making some changes. Change is Difficult Simplarâs research into over 350 different...
by Simplar | Jan 14, 2021 | Leadership, Leadership
Beyond COVID Part 3  Construction Company Self-Analysis  After taking steps to mitigate the negative effects of the current pandemic-induced construction market contraction, this âBeyond COVIDâ blog series attempts to look beyond this market cycle and imagine what...
by Simplar | Jan 14, 2021 | Business Development
If You Take Your Eye Off the Ball Youâll Strike Out  The Last Downturn The 2008-2012 construction market downturn hit residential construction first. The burst of the $8 trillion housing bubble in 2007, and the subsequent collapse of the financial markets in 2008,...
by Simplar | Jan 14, 2021 | Business Development, Business Development
Cut the Payroll Not the Culture  Even though we have never experienced a viral contagion on the scale of this pandemic before, we have, in fact, recently experienced a similar business interruption called the Great Recession of 2008. We know about suddenly shrinking...
