The Iron Law of Mega Projects

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The speakers explore the pattern of mega projects going over budget and overtime, sharing personal anecdotes and comparing construction efficiency in different countries. They discuss the statistical significance of the iron law and the importance of understanding base rates in project planning, as well as introducing concepts like optimism bias and power bias.

Bent Flyvbjerg shares his insights on the key principles that distinguish successful big projects from the failed ones. Through his research and experience, he identifies important factors such as understanding the odds, planning slow and acting fast, and starting with the end goal in mind. Join us as we explore how to master the unknowns and achieve wild ambitions with Flyvbjerg's guidance.

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