1min chapter

Freakonomics Radio cover image

Why Your Projects Are Always Late — and What to Do About It (Ep. 323 Replay)

Freakonomics Radio

CHAPTER

The Iron Law of Mega Projects

Ben Fupia: 80-90% of all products have cost overruns. Infrastructure projects with a budget above $1 billion add up to between $6 and $9 trillion a year globally, he says. Flubiar has established what he calls the iron law of mega projects. Over budget, overtime, on the benefits over and over again,. And it's a long standing trend.

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