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Same movie
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The pattern... Different country. Different name. Same movie. A “strategic” project. Big announcements. Strong political backing. Aggressive bids. Beautiful financial models. Everyone smiling at financial close. And then… After bonuses paid and elections won… Reality. Costs go up. Time disappears. Risks… yes, those that were “managed” and “transferred to the party better able to deal with”, start showing up. Suddenly: - contracts are “reinterpreted” - assumptions were “too optimistic” - responsibilities become “unclear” And there is something that I tell all the time to my government clients… Don’t let equity to be paid too early… Or no longer exposed. Because… If equity is not truly at risk, It doesn’t behave like an owner. It behaves like a tourist. In for the upside. Gone when things get uncomfortable. And the project? Left behind. To be fixed. Renegotiated. Politically weaponized. Or explained to taxpayers. You’ve seen it. Maybe not in a report. But in a room. In a meeting. In a decision that “didn’t feel right.” Same pattern. Again and again. The only question is: Do you recognise it early… Or do you pay for it later? If you want to learn how to spot it, before it’s too late… You know where to click. ​15 Lessons that Made a Project Successful​ ​15 Lessons that made a Project a Nightmare​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
When people talk about successful projects, these are the usual suspects: The deal was clear from day one Risks were allocated… not hidden The wrong bidders didn’t show up Time was respected Decisions were made early The contract was readable Banks believed the story Equity had skin in the game The public side knew what it wanted Advisors added value (for once) Construction was not “optimistic” Problems were solved fast Ego was controlled Operations were considered from day one Someone owned...
Yesterday I heard: “I’m too old to change career.” C*jonudo. Look. Think of Bernie Marcus. He was 49 when he got fired from his executive role at a hardware retail chain. The 70s. No InfoJobs. No Trade Me. No LinkedIn. And I doubt he felt like photocopying his CV and knocking on doors. If you’ve been there… you know. So he sat down in a café with Arthur Blank and made a decision: He was going to destroy the people who had fired him. I like that. Vengeance is underrated fuel. Together, they...
Last weekend, New Zealand was hit by another cyclone. If you’re still sceptical about climate change…just look at the statistics. Or your insurance premium. But that’s for another day. This time, the damage was limited. Much less than the previous cyclones. And here it comes… “They exaggerated.” “It wasn’t that bad.” “We overprepared.” The usual. Short-term memory. Short-term thinking. The same people who forget that not long ago we had: warnings that were too soft impacts that were worse...