Matthew Schoenhardt’s Post

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A Risk Management Professional 🎲 making your project's financial results the envy of your industry. DataDrivenRisk.com.

Are brown field projects inherently have larger cost over runs than green field projects? 👉 Brown field projects are those that are built on an existing site - think expansion. 👉 Green field projects are those that have no prior encumbrances i.e. a green field! In aggregate, data would in indicate brown field projects are horrible, however there are outliers that suggest the real mechanism that is going on. When brown field projects are properly developed, they have the same cost and schedule outcomes as green field projects! Wait what......? Watch this video to learn a bit more. The secret is in understanding how our project development processes have bias and overcoming that bias. #risk #contingency #greenfield #brownfield #projectdevelopment

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