Why 99.5% Of The World’s Biggest Projects Fail | Big Business | Business Insider

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Why Projects Like California’s High-Speed Rail Almost Always Fail | Business Insider

Dan Gardner is the coauthor of "How Big Things Get Done," which explores why so many billion-dollar projects, from nuclear power plants to Olympic Games, go wrong and how the rare few succeed. Drawing on data from over 16,000 megaprojects, Gardner and his coauthor Bent Flyvbjerg reveal the startling truth: Only 0.5% of big projects are delivered on time, on budget, and with the promised results. Business Insider interviewed Dan Gardner to learn about some of the world's most high-profile projects, like the Sydney Opera House, which soared 1,400% over budget, and the troubled California High-Speed Rail, which is expected to cost over $100 billion and hasn't moved any passengers yet. He also spotlights the rare successes, like the Empire State Building and the Hoover Dam, to show what’s possible when projects are built on smart planning, strong leadership, and modular thinking. 00:00 - Intro 00:49 - Olympics 03:34 - California High-Speed Rail 06:20 - The World’s Biggest Tunnel Machine 07:30 - Sydney Opera House 10:00 - Nuclear VS. Solar 12:34 - Empire State Building 15:04 - Hoover Dam 16:55 - Guggenheim Bilbao 18:54 - Uniqueness Bias 20:21 - End Credits #infrastructure #construction Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit our homepage for the top stories of the day: https://www.businessinsider.com Business Insider on Facebook: https://www.facebook.com/businessinsider Business Insider on Instagram: https://www.instagram.com/businessinsider Business Insider on Twitter: https://www.twitter.com/businessinsider Business Insider on Snapchat: https://www.snapchat.com/discover/Business_Insider/5319643143 Business Insider on TikTok: https://www.tiktok.com/@businessinsider Why 99.5% Of Big Projects Fail | Big Business | Business Insider

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