Daily Archives: June 2, 2017

Ten Things to Know About Megaprojects

Megaproject expert Bent Flyvbjerg–who is now at Oxford University–has a new book called, coincidentally, the Oxford Handbook of Megaproject Management. His introduction, which he was nice enough to make available on line, introduces the Iron Law of Megaprojects along with “ten things you need to know about megaprojects,” at least if you think you are going to try to manage one.

The Iron Law is, simply, “Over budget, over time, under benefits, over and over again.” He says that 90 percent of megaprojects go over budget and most end up under performing. Continue reading