Episode 201 -Decoding Megaprojects: Insights with Bent Flyvbjerg (Part 1)
May 20, 2024
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Bent Flyvbjerg, expert on megaprojects, shares insights from 16,000 projects. Topics: success/failure patterns, 'iron law,' leadership principles, Caesar's Rhine bridges, 'think slow, act fast,' Guggenheim vs. Sydney Opera House.
Successful projects share common traits discovered by analyzing successful organizations that consistently deliver projects successfully.
'Thinking slow and acting fast' approach helps in extensive planning to align actions with project goals, enhancing efficiency.
Deep dives
Understanding Mega Projects and Project Success
Successful projects share common traits discovered by analyzing successful organizations that consistently deliver projects successfully. These organizations have developed methodologies, systems, and processes that enable them to achieve success repeatedly. Mega projects, including digitalization, climate change solutions, aerospace projects, mining projects, Olympic Games, and energy projects, are crucial and are being increasingly undertaken worldwide.
Key Insights from 'How Big Things Get Done'
The book 'How Big Things Get Done' by Bent Flyvbjerg explores the execution of mega projects, ranging from large construction projects to personal endeavors like home renovations or writing a book. By learning from 16,000 mega projects, the book highlights the iron law of mega projects which states the common issues in projects: over budget, over schedule, and under benefits. The focus is on documenting failures and successes to glean valuable insights for project management.
Thinking Slow and Acting Fast
One crucial approach to project success is 'thinking slow and acting fast.' Successful project leaders engage in extensive planning, experimenting, and simulating projects before implementation. By starting on the right, focusing on the desired outcome, and working backward to identify necessary steps, they create a guiding star for the project. This approach helps in assessing the alignment of current actions with the project's ultimate goals, reducing errors and enhancing project efficiency.
Importance of Clear Project Vision and Experimentation
Eminent project leaders like Frank Gehry emphasize the significance of defining the project's purpose upfront and understanding the client's objectives clearly. By asking fundamental questions like 'why are we doing this project?' and engaging in extensive computer simulations and experiments, project teams can develop a comprehensive understanding of the project scope before the physical execution begins. This approach minimizes rework, optimizes project delivery, and reduces costs in the long run.
The podcast by project managers for project managers. Part one of our two-part conversation with Bent Flyvbjerg, delving into decoding megaprojects. Bent’s research draws from a database of 16,000 megaprojects to extract valuable insights. Megaprojects are increasingly shaping our world, and Bent sheds light on both their successes and failures, aiming to provide lessons for future endeavors, big and small.
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