Category: Insight Videos

Complexity is often used as an explanation for capital project difficulty. Yet it has a specific meaning: cause and effect are hard to predict in advance. In large projects, that means technically sound decisions in one area can create unexpected problems somewhere else. This matters most in the early stages, when budgets, schedules and delivery…

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…