According to a new report by Oliver Wyman, a global management consulting firm, businesses could reduce the cost of infrastructure investments by more than $5 trillion by 2030 by simply improving how they manage the inherent risks of large projects.
To improve the process, Oliver Wyman suggests developing greater transparency around the risks involved in large infrastructure projects and tracking mitigation closely.
Large-scale infrastructure projects come with large-scale delays (carrying large-scale costs), e.g., a company can lose $1 billion if a nuclear reactor vessel does not meet requirements.
