By Tim Fernholz – Why this pervasive failure to predict these overruns, despite their seeming inevitability?
The answer lies in the very things that make us human, what Bent Flyvbjerg calls the “four sublimes”:
- the excitement of engineers and technologists building the newest or largest item of its kind
- the rapture politicians receive from building monumental works that increase their public profile
- the delight of businesses and trade unions generating money and jobs
- the aesthetic pleasure generated by iconically large design
One promising sign: Mega-projects are more and more likely to damage people’s careers, especially as they move into the digital realm … more> http://tinyurl.com/njyu76c