Global

Details

  • Service: Advisory
  • Industry: Building & Construction
  • Type: Business and industry issue
  • Date: 5/28/2013

Avoiding Major Project Failure - Turning Black Swans White 

This paper highlights characteristics of major capital projects that can lead to catastrophic failure for owners and contractors, alternative approaches for screening projects, and red flags and triggers for early identification of troubled projects. In addition, if a true black swan event occurs, these approaches and practices can help better prepare stakeholders - therefore, it is crucial to consider significant opportunities for project failure and the systems needed to prevent them.
 

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