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When you realize that the celibacy of Catholic priests, cardinals, and even the Pope has more to do with issues arising from the inheritance of descendants than with a mythical sacrifice to devote themselves to God... you realize that they’ve been deceiving you, manipulating you, creating obedient little sheep. This case is not unique. People's minds are full of preconceptions, fixed ideas, and false myths. In all aspects of life. Laws. Regulations. Politics. Religion. Etc. Personal finance, contract management and business are not different. But, as I don’t care what’s on the TV or social media, these things touch me every day. And they touch you every day too. People were told stories. They believed them. Without understanding the why of the myth. This is what I try to do in the course below. Perfect thing to do in a weekend. Learn and fill your head with new thoughts and perspectives. This course is about mistakes in a project, but you could apply the learnings to any project, to any business and even your life because I try to go to the root of the whys and the myth creation. I challenge you. What are you going to do this weekend that will mark a milestone in your path? I propose you this. ​The 15 Lessons Learned of a PPP Project Nightmare​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. |
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January 2018. London. Whittington Hospital. A fire. It was controlled. Patients evacuated. The hospital continued operating. Crisis over? Not even close. The fire exposed a much bigger problem. There were serious disagreements. Condition of the building. The fire safety defects. Who was contractually responsible for fixing them. Etc. The NHS Trust said the PFI company had failed to remedy the problems. The PFI company disagreed. A “mis huevos” (ego battle) situation… Payments were withheld....
You opened the project on time. Construction is finished. The ribbon has been cut. The lenders are happy. The Board can finally breathe. And then operations begin. Good for you. This is what we want to be in a big project. A few months pass by, and suddenly you realize that you are handling a different kind of monster. The subcontractor starts interpreting the contract in its favour. Small issues become recurring issues. Performance reports say everything is fine, while cash is slowly leaking...
Everyone speaks confidently. Everyone uses acronyms. And you are trying to work out whether you have missed something obvious. Suddenly, someone expects you to have a view. Sh*t… The problem is not that you are not capable. The problem is that nobody ever taught deep how PPPs really work. Not the theory. The decisions, traps, negotiations and mistakes that can define an entire career. Stop trying to learn PPPs one painful meeting at a time. Start thinking like a leader. Not how to sound...