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Thought Tools for a Complex Age by MIT Sloan Management Review

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Five Rules for Managing Large, Complex Projects

Recent research on megaprojects — defined as projects costing more than $1 billion — reveals five lessons that can help executives manage any large-scale project more effectively.

“Megaprojects” — defined as projects with budgets exceeding $1 billion — are important contributors to numerous sectors, including health care, defense, mining, telecommunications, transport, energy and water infrastructure, sporting events, science, and manufacturing. They represent a significant proportion of many nations’ economic activity and profoundly affect productivity, social cohesion, and the environment.1 Yet megaprojects have ...

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