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 | Business, Strategic & Project Planning, Business, Strategic and Project Planning
Why Megaprojects Fail Part IV Institutional Structure Our discussion over the past few weeks has centered on the failure of megaprojects to come in on budget or on schedule. Two more examples: High Speed 2, the United Kingdom’s planned train line that would run...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
The New Normal We are entering the fourth week of this startling, confusing, confounding economic pause. It seems like a lifetime. Government-mandated cessation of economic activity in the face of a worldwide viral pandemic is a first in human history. The economy...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
Complexity (The Big Dig) Part 2 The list of top megaprojects with mega-cost overruns reads like a who’s/who of construction’s biggest deals. The Suez Canal ran 1,900% over the original budget. The Sydney Opera House came in 1,600% over budget. The Boston Artery...
