Preventing Black Swans: Avoiding Major Project Failure

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By KPMG LLP | May 22, 2013


From KPMG



This paper highlights characteristics of major capital projects that often lead to catastrophic failure for owners and contractors; highlights alternative approaches for screening projects; and discusses red flags and triggers for early identification of troubled projects.

In addition, if there is a true "black swan" event, these approaches and practices can also help better prepare stakeholders for it. Therefore, it is crucial to consider significant opportunities for project failure and the systems needed to prevent them.

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