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Investment-Centric Project Management by Steven Keays

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THE POINT OF A PROJECT

“The great tragedy of science: the slaying of a beautiful hypothesis with an ugly fact.” T. H. Huxley

EXQUISITELY EXECUTED MEDIOCRITY

Failure as an Option

Across the world, regardless of the industry, projects tend to fail by default and succeed by exception—the larger the project, the higher the probability of failure. Global statistics on industrial and government projects are sobering. Root causes run the gamut from disjointed expectations, misinterpretations of the scope of work, ignorance of the process, and absence of processes, to deficient management and inadequate funding. Edward Merrow, of Independent Project Analysis, points out that so-called mega-projects (valued at $1B or more) fail more than 65% of the ...

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