Balancing Control and Innovation in Megaprojects PPT

This PPT slide, part of the 25-slide Managing Megaprojects PowerPoint presentation, outlines Rule 4 from the "Managing Megaprojects" framework, emphasizing the need to balance repetitive tasks with innovative elements while maintaining control over processes. The slide is structured into 3 main sections: purposes, practices, and details, each providing insights into effective project management strategies.

The purposes section highlights 2 key objectives. First, it stresses the importance of balancing stability and change to ensure risks are appropriately distributed. This suggests that a rigid approach may not be suitable for all projects, particularly those involving innovation. Second, it addresses the management of innovative project elements, indicating that these should be handled differently from standardized tasks.

In the practices section, specific strategies are recommended. Establishing controlled processes is crucial for adjusting project plans as needed. Customizing contracts to address uncertainties in both the project and its subprojects is also advised. This flexibility is essential in managing risks associated with innovation. The mention of gradually freezing design elements suggests a phased approach to mitigate unforeseen issues, allowing for adjustments as the project evolves.

The details section elaborates on the nature of megaprojects, which typically involve a mix of standardized tasks and novel activities. It introduces the concept of "Targeted Flexibility," which involves breaking down megaprojects into smaller, manageable components. This approach allows for tailored strategies that address specific uncertainties within each segment. The slide concludes with an example of contract types, indicating that different contractual arrangements may be more suitable depending on the level of uncertainty present.

Overall, this slide serves as a guide for executives looking to navigate the complexities of large-scale projects by balancing control with the need for innovation.

This slide is part of the Managing Megaprojects PowerPoint presentation.

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