Industry News

Top 7 Causes Of Delays Infrastructure Mega Projects In Africa

Top 7 Causes Of Delays Infrastructure Mega Projects In Africa

The number of global  mega-projects that are either over budget, late or both, is alarming. Nine out of 10 global mega-projects (projects with a value of at least US$1bn) experience cost overruns.Although average overrun estimations vary greatly, some studies suggest that this could be as high as 70% for cost overruns and 183% for time overruns.Cost overruns also differ by sector. For example, est... »

HAS THE WORLD DONE ENOUGH TO BRIDGE INFRASTRUCTURE GAPS?

HAS THE WORLD DONE ENOUGH TO BRIDGE INFRASTRUCTURE GAPS?

The world spent $9.5 trillion—14 percent of global GDP—on infrastructure in 2015. Infrastructure-related spending (using the broadest definition that includes real estate, oil and gas, and mining) totaled $9.5 trillion in 2015, or 14 percent of global GDP. Real estate, social infrastructure, and transport accounted for the bulk of spending.   Using the same broad definition, China was the world’s ... »

Rapid Digital Transformation In The Construction Industry Is Critical

Rapid Digital Transformation In The Construction Industry Is Critical

Builders have traditionally been at the forefront of innovation. Each generation of structures, from ancient pyramids to 20th-century skyscrapers, arises from more-sophisticated construction techniques. Over the past 20 years, however, the industry has fallen behind. In fact, a recent McKinsey Global Institute (MGI) analysis of 22 major industries showed that construction was second to last for ov... »

8 LEADERSHIP PRACTICES THAT ARE KEY TO SUCCESSFUL DELIVERY OF ULTRA LARGE PROJECTS

8 LEADERSHIP PRACTICES THAT ARE KEY TO SUCCESSFUL DELIVERY OF ULTRA LARGE PROJECTS

In addressing why ultra large projects continue to fall short of expectations—despite all the experience, learning, discussion, and analysis that has been fed into this area down the years—Mckinsey and Company compiled a report titled: The art of project leadership which set out to explore the unique success factors drawn from the experience of “project practitioners”—people with hands-on experien... »

4 MINDSETS THAT UNDERPINS SUCCESSFUL DELIVERY OF THE WORLD’S LARGEST PROJECTS

4 MINDSETS THAT UNDERPINS SUCCESSFUL DELIVERY OF THE WORLD’S LARGEST PROJECTS

According to the Mckinsey & Company report titled: The Art of Project Leadership Mindsets play a critical role in the development of ultra-large projects. Good systems and processes will positively influence team behaviour to a certain extent, but success or failure is largely determined by how well a team works together.   Team mindsets inform the multitude of decisions and interpersonal... »