How Big Things Get Done - The Surprising Factors Behind Every Successful Project, from Home Renovations to Space Exploration

Bent Flyvbjerg, Dan Gardner

Key Facts and Insights

  1. The concept of 'Reference Class Forecasting' is a crucial tool for project planning which helps to prevent over-optimism and underestimation of costs.
  2. Success in big projects doesn't rely solely on technical competence, but also on understanding and managing the political, social, and economic aspects.
  3. The 'Outside View' approach is essential for realistic project planning, as it involves an unbiased assessment of the project based on similar past projects.
  4. Strategic Misrepresentation, often a result of political and economic pressures, can lead to project failure if not appropriately managed.
  5. The role of power and its influence on...

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Louise Worsley

Louise Worsley ZA

Project Consultant /University MSc lecturer, PiCubed