Source: WSJ, Feb 2023
big projects can be distilled into three pitiful numbers:
• 47.9% are delivered on budget.
• 8.5% are delivered on budget and on time.
• 0.5% are delivered on budget, on time and with the projected benefits.
why the 0.5% succeed. Dr. Flyvbjerg's lessons that apply to any kind of project, mega or not, include two especially valuable pieces of advice.
1. Think slow, act fast.
many are late because not enough time is spent planning, which is the most efficient way to minimize uncertainty and shrink risk.
2. Find the Lego that simplifies your work and makes it modular.
"Modularity is a clunky word for the elegant idea of big things made from small things," he writes. "Look for it in the world, and you'll see it everywhere." Everywhere includes "software, subways, hardware, hotels, office buildings, schools, factories, hospitals, rockets, satellites, cars and app stores," he writes. "They're all profoundly modular, built with a basic building block. They can scale up like crazy, getting better, faster, bigger and cheaper as they do."
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