FMI Insights: What to Do When Projects Go Bad, Part 2
Even the most promising construction projects can get quickly sidelined by a few missteps, a couple of bad decisions, inadequate budgeting or any other number of challenges. Drawing on FMI’s experience with more than 1,400 different projects and an in-depth review of 35 stressed projects from the last two decades, Part 1 focused on common characteristics of these projects and underlying common causes. The two key characteristics included projects being behind schedule in various degrees and having multiple unresolved issues, many of which involved unsettled changes or claims.
In Part 2, we will assess how each stakeholder influences or triggers some of these causal factors and provide recommendations on how to avoid these items on future projects.
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