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What is Black Swan

Encyclopedia of Information Science and Technology, Fourth Edition
An event that comes as a surprise, has a major effect, and is often inappropriately rationalised with the benefit of hindsight.
Published in Chapter:
Shaping Mega-Science Projects and Practical Steps for Success
Phil Crosby (Curtin University, Australia)
Copyright: © 2018 |Pages: 15
DOI: 10.4018/978-1-5225-2255-3.ch494
Abstract
Too many large engineering/science projects fail in terms of budget overruns, schedule slippage, or under-performance, and this has profound implications not only for the construction and commissioning organisations, but also for the funders (public or private), and the clients or users. Successful design and delivery is therefore not only a commercial necessity but also a societal imperative. Success in complex mega-projects is not easily achieved and is interpreted differently by various stakeholders, moreover there is growing recognition of the importance of front-end shaping. In this chapter, the author addresses the inception, planning and feasibility phases of complex mega-projects in some depth, based on extant and updated research of large scale high-technology science projects. Five key success drivers are explained, and when addressed together, are shown to be especially potent. This chapter draws out subtle aspects of mega-project management shown to be crucial at the preliminary, or start-up, phase.
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Active Learning and Disaster Risk Reduction: Playing the Game of Your Life
An event (positive or negative) that is considered outside the realm of expectation but remains plausible and will have an extreme impact.
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Scientific Intelligence, Decision Making, and Cyber-Security
An event or occurrence that deviates beyond what is normally expected of a situation and is extremely difficult to predict.
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Shaping Mega-Science Projects and Practical Steps for Success
An event that comes as a surprise, has a major effect, and is often inappropriately rationalised with the benefit of hindsight.
Full Text Chapter Download: US $37.50 Add to Cart
Strategic Foresight Tools for Planning and Policy
An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult to predict.
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Worker Response to the Rapid Changes Caused by Disruptive Innovation: Managing a Remote Workforce Without Any Training or Preparation
An unpredictable event beyond what is typically expected of a situation and has potentially severe consequences. There are usually no standard operating procedures or contingency plans to manage the event.
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