There is a strange phenomenon in big projects.

The bigger the project becomes…

…the smaller your world gets.

Egos kill more projects than bored consultants.

I’ve seen it.

Normally, it goes like that…

You spend your morning discussing clause 38.4.

Lunch reviewing the debt sizing.

And your afternoon arguing whether a risk should be red…

…or dark orange.

… and what would be the right color after mitigation…

Meanwhile:

Interest rates move.

A contractor issues a profit warning.

A Government changes policy.

A competitor gets acquired.

A bank changes appetite.

An entire market quietly changes around you.

And six months later someone writes:

“This development was not reasonably foreseeable.”

Sure.

Sometimes it wasn’t.

Sometimes nobody had opened the newspaper.

One of the things I’ve learned after years working on infrastructure projects is that commercial judgement comes partly from looking outside the project.

Not reading everything.

Just knowing enough about business, markets and the economy to notice when something important is changing.

Aka… get your head outside your a$$... or your cabeza fuera del culo.

This is why I like short daily business briefings.

If you want one that takes about five minutes rather than your entire breakfast, Morning Brew is worth a look.

Your risk register may not thank you.

But your Board might.

Use this information at your own risk.

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