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And even then, large capital projects are routinely wildly off estimates. I think the delta in "how far off we were" just tends to be larger more frequently.
by phillmv 13y ago
And even then, large capital projects are routinely wildly off estimates. I think the delta in "how far off we were" just tends to be larger more frequently.
- jacques_chester 13y agoIn the Industrial Megaprojects book I quoted elsewhere, the single best predictor of every measure of project performance was "Front End Loading" -- how completely the project has been studied and specified before it is funded. There are at least three FEL stages. Companies that muck up FEL-1 are doomed to failure, companies that muck up FEL-2 or FEL-3 are doomed to poor returns.