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
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...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
Size Matters Megaprojects fail often because they’re too big and complex for even large, highly sophisticated contracting firms to plan accurately and manage effectively. At the same time, smaller contractors trying to grow their companies often jump too far and...
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
Capital Reserves Contractor’s Last Line of Defense For the past three weeks we have been discussing the nature of capital reserves and their importance to contractors trying to manage through the depth and breadth of the current COVIDeconomic downturn. Construction...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning
How to Write A Strategic Plan During This COVID Economic Downturn A constant search for answers caused me to look back at some of the work we did on managing construction concerns in cyclical markets. I took a look at the teaching in Managing the Profitable...
