Managing Uncertainty in Megaprojects

Featuring John Steen, and Jill Diffendal - June 21, 2018

Topics: Communications Management, Integration Management, Organizational Project Management

59m 29s

Duration

1.00

PDUs

64,683

Views

Overview

Underperformance is a common threat to megaproject managers and the track record of cost and time overruns in these projects is well documented. While front end planning is important, not all events and scenarios can be foreseen when the project can take several years to complete and may involve many companies and stakeholders. In our research we find that the capacity to adapt to this uncertainty during the life of the project is crucial for megaproject performance but it is often overlooked as a capability. Using a case study of the construction of a US$20 billion dollar project we show that project leaders play an important role in recognizing when a plan needs to change and then navigating the path onto a new project plan without disrupting the delivery of the project.

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Talent Triangle Alignment

This video qualifies for the following PDUs:
PMP/PgMP CAPM PMI-ACP PMI-SP PMI-RMP PfMP PMI-PBA DASM DASSM DAC DAVSC Ways of Working 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Power Skills 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Business Acumen 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00