by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
Mother Nature Is Taking Us to School Let’s face it – everything has suddenly changed. Everything. We didn’t think that Mother Nature had this much power over the clever, inventive, and industrious human race. After all, we cure disease, create artificial intelligence,...
by Simplar | Jan 14, 2021 | Business, Strategic & Project Planning
EMBRACE CHANGE Because the only thing permanent in life is change “To improve is to change; to be perfect is to change often.” Winston Churchill “If you do not change direction, you may end up where you are heading.” Lao Tzu “When we are no longer able to change a...
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 High Speed 2, the United Kingdom’s planned train line...
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. A Roll Call of Overruns The Suez Canal ran 1,900% over the original budget. The Sydney Opera House came in 1,600% over...
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...
