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  /  Educational   /  How to fix MEGAPROJECTS (and all capital projects that matter)

How to fix MEGAPROJECTS (and all capital projects that matter)

Less than one per cent of megaprojects deliver the promised benefits
on time and on budget.

 

We explain why they go wrong, how
you can fix them and why the fix works.

 

We also show how these lessons can
be applied to all capital projects of scale.

What is a megaproject?
Megaprojects are defined as capital projects costing $1bn or more. But there
is a lot more to them than a price tag. We explore their other characteristics,
why they’re essential to our communities and how the lessons that we learn
from them can be applied to all capital projects.
How to fix megaprojects
We will take you through our proven four-step process for delivering all
significant capital projects on time, on budget and with all the promised benefits.
This encompasses transformational leadership, transformational governance,
the sharing of risks and rewards, and commitment-based management.
Why the fix works
Leading a megaproject successfully is like running a small town. Our fix
works because it recognizes the complexity of megaprojects, the importance
of community building, and the reality that traditional management styles
simply don’t cut it when it comes to capital projects of scale.

CLICK HERE to read the full article.

Written by:
Billy Glennon (Group CEO, VISION), bglennon@vision.com
Connor Butler (Managing Principal, Relevate), connor.m.butler@relevatewith.us
Chauncey Bell (CEO, Chauncey Bell Associates), chaunceybell@gmail.com
Dr. Charles Spinosa (Group Director, VISION), cspinosa@vision.com

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