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Why 91% of Condo Projects Fail (and How Yours Can Succeed)
Why do so many big condo projects go over budget and off schedule—and how can you avoid becoming part of that 91% failure rate?
In this episode of Planned, Not Panicked: The Condo Owner Podcast, Alec and Candice break down key insights from How Big Things Get Done by Bent Flyvbjerg and Dan Gardner, translating its lessons into practical strategies for condominium boards.
They cover three essential principles that separate successful projects from stressful ones: Hire a Master Builder, Get Your Team Right, and Think Slow, Act Fast. You’ll learn why the planning phase should take longer than you think, how the right team structure prevents cost overruns, and why rushing to “just get started” almost always backfires.
If your community is preparing for a major capital project—roof replacement, building envelope work, or infrastructure upgrades—this episode will change how you approach planning, budgeting, and execution.
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By Schernecker Property ServicesWhy do so many big condo projects go over budget and off schedule—and how can you avoid becoming part of that 91% failure rate?
In this episode of Planned, Not Panicked: The Condo Owner Podcast, Alec and Candice break down key insights from How Big Things Get Done by Bent Flyvbjerg and Dan Gardner, translating its lessons into practical strategies for condominium boards.
They cover three essential principles that separate successful projects from stressful ones: Hire a Master Builder, Get Your Team Right, and Think Slow, Act Fast. You’ll learn why the planning phase should take longer than you think, how the right team structure prevents cost overruns, and why rushing to “just get started” almost always backfires.
If your community is preparing for a major capital project—roof replacement, building envelope work, or infrastructure upgrades—this episode will change how you approach planning, budgeting, and execution.