This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
Explore expert strategies for managing megaprojects, crafted by ex-McKinsey and Big 4 consultants. Discover 5 critical rules to ensure timely, budget-compliant delivery. Managing Megaprojects is a 25-slide PPT PowerPoint presentation slide deck (PPTX) available for immediate download upon purchase.
Megaprojects have a significant impact on a country's economic activity, productivity, social harmony, and environment. Most (estimates put it at 90%) Megaprojects end up being over time and over budget. Such overruns naturally have an impact not only on the finances of a country but other aspects as well.
Reason for such overruns consist of technical challenges, alterations in design and operational requisites, escalation in costs, disagreements over responsibility, and new regulations. The more complex a project, the difficult it is to foresee the difficulties, changing conditions, and unanticipated opportunities that will be encountered.
Innovation throughout the life span of the Megaproject can curtail such challenges. A study of 3 Megaprojects and continuing study of some more projects over a span of more than 10 years revealed 5 rules that can help in the management strategy of Megaprojects. In this presentation, we explore these 5 rules in depth, including case examples for each.
The slide deck also includes some slide templates for you to use in your own business presentations.
The PPT delves into the intricacies of managing megaprojects, emphasizing the importance of flexibility and innovation. It outlines five critical rules, supported by case studies from high-profile projects like Heathrow Terminal 5 and the London Olympics. These rules are designed to help project managers navigate the complexities and uncertainties inherent in large-scale projects, ensuring timely and budget-compliant delivery.
The presentation also highlights the significance of stakeholder engagement and risk management, offering practical templates for application in your own projects. By leveraging these insights, executives can enhance their strategic approach to megaproject management, driving better outcomes and minimizing risks.
This PPT slide outlines 5 essential rules for managing megaprojects, applicable to both large and small initiatives. The first rule emphasizes flexibility in project management to accommodate unexpected occurrences. The second rule highlights the importance of evaluating past success factors to inform future projects. The third rule advocates for pilot testing to mitigate risks before full implementation. The fourth rule stresses appropriate risk management and distribution throughout the project. The final rule encourages fostering a culture of innovation from start to finish. Adhering to these rules enhances performance and balances flexibility with stability, crucial for timely and budget-compliant project delivery.
This PPT slide outlines the second rule for managing megaprojects: preparing for unforeseen circumstances through flexible contracts and adaptable team structures. Key practices include deploying joint client-contractor teams to foster collaboration, enhance trust, and facilitate quick problem-solving. Flexible contracts, such as cost-plus or cost-reimbursable agreements, are essential for navigating unpredictable situations, promoting risk-sharing between clients and contractors. Fixed-price contracts may suffice in stable conditions, but are inadequate in dynamic environments. Innovative thinking within teams is crucial for adapting to changing conditions and overcoming project-related challenges. Well-structured teams enhance collaboration and mitigate conflicts of interest, ultimately aiming for successful project delivery.
This PPT slide outlines Rule 4 from the "Managing Megaprojects" framework, focusing on balancing stability and innovation in project management. Key objectives include distributing risks appropriately and managing innovative elements differently from standardized tasks. Recommended practices involve establishing controlled processes for project adjustments and customizing contracts to address uncertainties. The concept of "Targeted Flexibility" is introduced, advocating for breaking down megaprojects into manageable components to tailor strategies for specific uncertainties. The slide concludes with examples of contract types, emphasizing the importance of selecting appropriate arrangements based on the level of uncertainty in megaprojects.
This PPT slide outlines Rule 5 of managing megaprojects, focusing on integrating innovation throughout the project lifecycle. The Purposes section emphasizes standardizing structures and processes to ensure innovation is a core component from inception to completion. The Practices section details actions for project managers, including formulating an Innovation Strategy statement to align stakeholders, establishing governance around innovation for accountability, and developing mechanisms for capturing and sharing innovative ideas. The Details section highlights the importance of creating an enabling environment for stakeholder contributions and the early involvement of future project operators to achieve operational efficiencies and reduce long-term costs. Prioritizing innovation from the beginning can yield substantial advantages.
Source: Best Practices in Innovation, Real Estate, Construction, Megaproject PowerPoint Slides: Managing Megaprojects PowerPoint (PPTX) Presentation Slide Deck, LearnPPT Consulting
This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
For $10.00 more, you can download this document plus 2 more FlevyPro documents. That's just $13 each.
ABOUT FLEVYPRO
This document is part of the FlevyPro Library, a curated knowledge base of documents for our FlevyPro subscribers.
FlevyPro is a subscription service for on-demand business frameworks and analysis tools. FlevyPro subscribers receive access to an exclusive library of curated business documents—business framework primers, presentation templates, Lean Six Sigma tools, and more—among other exclusive benefits.
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.
Trusted by over 10,000+ Client Organizations
Since 2012, we have provided business templates to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
"As a consulting firm, we had been creating subject matter training materials for our people and found the excellent materials on Flevy, which saved us 100's of hours of re-creating what already exists on the Flevy materials we purchased."
– Michael Evans, Managing Director at Newport LLC
"As a small business owner, the resource material available from FlevyPro has proven to be invaluable. The ability to search for material on demand based our project events and client requirements was great for me and proved very beneficial to my clients. Importantly, being able to easily edit and tailor
the material for specific purposes helped us to make presentations, knowledge sharing, and toolkit development, which formed part of the overall program collateral. While FlevyPro contains resource material that any consultancy, project or delivery firm must have, it is an essential part of a small firm or independent consultant's toolbox.
"
– Michael Duff, Managing Director at Change Strategy (UK)
"Last Sunday morning, I was diligently working on an important presentation for a client and found myself in need of additional content and suitable templates for various types of graphics. Flevy.com proved to be a treasure trove for both content and design at a reasonable price, considering the time I
saved. I encountered a download issue during the ordering process. However, a quick email to Flevy's support team, even on a Sunday (!!!), resulted in assistance within less than an hour, allowing me to download the content I needed. Fantastic job, Flevy! I give 5 stars for both content/price and customer service. Thank you!
"
– M. E., Chief Commercial Officer, International Logistics Service Provider
"If you are looking for great resources to save time with your business presentations, Flevy is truly a value-added resource. Flevy has done all the work for you and we will continue to utilize Flevy as a source to extract up-to-date information and data for our virtual and onsite presentations!"
– Debbi Saffo, President at The NiKhar Group
"As a young consulting firm, requests for input from clients vary and it's sometimes impossible to provide expert solutions across a broad spectrum of requirements. That was before I discovered Flevy.com.
Through subscription to this invaluable site of a plethora of topics that are key and crucial to consulting, I
have been able to exceed expectations and deliver quality advice and solutions to my clients. The quality and expertise of the authors are exemplary and gives me great confidence to use as part of my service offerings.
I highly recommend this company for any consultant wanting to apply international best practice standards in their service offerings.
"
– Nishi Singh, Strategist and MD at NSP Consultants
"Flevy.com has proven to be an invaluable resource library to our Independent Management Consultancy, supporting and enabling us to better serve our enterprise clients.
The value derived from our [FlevyPro] subscription in terms of the business it has helped to gain far exceeds the investment made, making a subscription a no-brainer for any growing consultancy – or in-house strategy team."
– Dean Carlton, Chief Transformation Officer, Global Village Transformations Pty Ltd.
"I am extremely grateful for the proactiveness and eagerness to help and I would gladly recommend the Flevy team if you are looking for data and toolkits to help you work through business solutions."
– Trevor Booth, Partner, Fast Forward Consulting
"One of the great discoveries that I have made for my business is the Flevy library of training materials.
As a Lean Transformation Expert, I am always making presentations to clients on a variety of topics: Training, Transformation, Total Productive Maintenance, Culture, Coaching, Tools, Leadership Behavior, etc. Flevy
It is well worth the money to purchase these presentations. Sure, I have the knowledge and information to make my point. It is another thing to create a presentation that captures what I want to say. Flevy has saved me countless hours of preparation time that is much better spent with implementation that will actually save money for my clients.
"
– Ed Kemmerling, Senior Lean Transformation Expert at PMG
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S, Balanced Scorecard, Disruptive Innovation, BCG Curve, and many more.
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S, Balanced Scorecard, Disruptive Innovation, BCG Curve, and many more.
Click main image to view in full screen.
