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Harry Swain

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  1. Posted January 29, 2021 Cascading and compounding mistakes may be leading BC to an $8-billion loss. Go to story
  2. Cascading and compounding mistakes may be leading BC to an $8-billion loss. ON A TROUBLED PROJECT, there is a tendency for every sequential decision to narrow the options and increase the costs of the next one. Path dependency, once it has set in, makes out-of-the-box thinking harder and harder since it requires the proponent to say, “I was wrong.” This is one reason why democracies, with their habit of changing ruling parties every so often, are often economical. Quite radical decisions to staunch bleeding can be easily taken when there is a failed predecessor to blame. Poor
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