The Iron Law of Megaprojects

Over budget, over time, under benefits, over and over again

Photo by Nico Callens, https://pixabay.com/photos/train-train-tracks-railways-station-5439799/

Performance data for megaprojects speak their own language

Performance data for megaprojects speak their own language. Nine out of ten such projects have cost overruns. Overruns of up to 50 percent in real terms are common, over 50 percent not…