Infrastructure industry’s response to the Covid-19 pandemic has been better than expected. But keeping projects moving will require agility and a healthy appetite for challenge.
The greatest threat to successful large-scale projects is the lack of effective, active stakeholder engagement. Primary stakeholders play a crucial role by ensuring that their projects represent viable investments from the onset, and maintaining adequate involvement and oversight during planning and execution.
The difference between successful and broken megaprojects? A culture that encourages bad news. As explains Prof. Bent Flyvbjerg in this podcast episode.
American transportation is poisoned by a broken algorithm. Travel Demand Modelling uses a four step process to (attempt to) predict what traffic will look like in 20 years. But TDM “is only a computational convenience that is not behavioral and does not reflect how traveler decisions are actually made.”
The large scale project industry has some of the coolest YouTube channels out there. Here are two that caught our eye:
- Megaprojects, with Simon Whistler, offers an in-depth look (with a sense of humor) at some of the world’s most intriguing megaprojects, including Kola Superdeep Borehole and China’s South-to-North Water Transfer Project
- The B1M, with Fred Mills, aims to change the perception of construction on planet Earth. Here are two of his latest videos: Why China Banned Skyscrapers and The Problem With Hyper Real Renders
A QUOTE THAT SAYS IT ALL
“Many organizations are having to juggle two distinct time horizons, considering what they need to do to manage through the crisis to keep assets and projects moving but also what the long term looks like.”
— Ehren Cory, president and CEO of Infrastructure Ontario at the sixth Global (and virtual) Infrastructure Initiative Summit
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