What a £100bn rail project can teach your project


Hello Reader,

HS2 is the UK's high speed railway between London and Birmingham, and it's one of the biggest infrastructure projects in Britain. It's easy to read the headlines about it, shake your head and move on. But the National Audit Office's latest report, High Speed Two reset, is much more interesting than the numbers.

The railway is now expected to cost between £87.7 billion and £102.7 billion, roughly twice what was expected in 2020. You might assume inflation did most of the damage. It didn't.

By HS2 Ltd's own analysis, inflation explains only about a third of the increase. Another third is underestimation, and almost a quarter is inefficient delivery. That means two thirds of the rise comes down to estimating and delivery, which is very much the territory of the project manager.

You're probably not running a £100 billion railway (I'm certainly not), but almost everything in the report shows up on ordinary projects too, just with fewer zeros. I've read it so you don't have to, and pulled out seven lessons you can use on your own work.

Read the 7 lessons from the HS2 reset here →

Have a lovely week!
Elizabeth

Calling all Rebel Project Managers!

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