How Big Things Get Done - The Surprising Factors Behind Every Successful Project, from Home Renovations to Space Exploration
Bent Flyvbjerg, Dan Gardner
Summary
Key Facts and Insights
- The concept of 'Reference Class Forecasting' is a crucial tool for project planning which helps to prevent over-optimism and underestimation of costs.
- Success in big projects doesn't rely solely on technical competence, but also on understanding and managing the political, social, and economic aspects.
- The 'Outside View' approach is essential for realistic project planning, as it involves an unbiased assessment of the project based on similar past projects.
- Strategic Misrepresentation, often a result of political and economic pressures, can lead to project failure if not appropriately managed.
- The role of power and its influence on...
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