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The Biggest Risk in Projects: Over-Reliance on Risk Management
Today I want to share a topic I've been thinking about regarding project risk management: Black Swan events. This concept, coined by Nassim Nicholas Taleb, describes a truth we all know but often overlook: There are certain events that are unpredictable have a huge impact when they occur and nobody believes they are possible before they happen. These events are called "black swans." However, there is a significant deficiency in construction project management. A large portion
Işık Ateş Kıral
21 minutes ago1 min read
Construction project management cannot be taught in the field. But it also cannot be understood without learning it in the field.
I wanted to share an anecdote from my Construction Project Management class today. Concepts like uncertainty, risk, decision-making, and leadership, which are crucial in construction project management, are either never mentioned or remain too "theoretical" for people working on real construction sites. To break this cycle, I first explained these topics in a classic theoretical way during the class: definitions, models, approaches… Then, I used an example from my previous ex
Işık Ateş Kıral
Aug 7, 20202 min read
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