Project Management: Analyzing Coordination Failures & Risk Estimates
VerifiedAdded on  2023/06/15
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Essay
AI Summary
This essay explores the prevalent reasons behind the failures of large-scale projects, emphasizing the critical roles of coordination and risk assessment. It highlights that big projects, while complex and involving numerous individuals and resources, are susceptible to coordination breakdowns due to logistical challenges and the difficulty of aligning diverse teams. Furthermore, the essay points out that risk estimates, often obtained from project advocates, can be biased and fail to account for the uncertainties inherent in extensive projects. The problem lies in assessing these large projects like smaller ones, neglecting the interdependence of numerous sub-projects. The study concludes that while significant failure risks exist, they can be mitigated through improved coordination frameworks and more efficient risk assessment strategies, asserting that proper management can lead to the success of big projects.
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