Large capital projects fail so often that researchers call it the Iron Law of Megaprojects. Cost overruns, delays and missed benefits are not rare events. They are normal enough to be expected.
This video introduces a different explanation. Projects encounter challenge when leaders cannot clearly see the system they are trying to manage.
Complexity, change and opacity combine to distort decisions, hide risks and delay action. If the causes are structural, they can be redesigned.
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