​​​​Dr. Isik Ates Kiral​

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

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