Revisiting the construction of the Empire State Building: Have we forgotten something?
Mattias Jacobsson and
Timothy L. Wilson
Business Horizons, 2018, vol. 61, issue 1, 47-57
What’s past is prologue. Or is it? The construction of the Empire State Building (ESB) was not only the fastest erection of a skyscraper ever, but the construction company that took on the job allegedly began with no equipment or supplies that would be adequate for the job. The project was completed ahead of schedule and under budget; instead of 1year and 6 months as anticipated, it only took 1year and 45 days. The costs totaled $24.7 million instead of the estimated $43 million. So, we ask, how was this possible and is there something we could learn? Based on a review of existing literature describing the history and construction of the ESB, we outline strategic, operational, and contextual explanations for what appears to be a truly successful megaproject. We illustrate how, for example, inspiration from Henry Ford’s assembly line technique, the uniqueness of the logistics during the construction period, the economic decline of the Depression, and early ideas of concurrent engineering and fast-track construction enabled the success. Our conclusion is that there are lessons to be learned in going back to basics when tackling a megaproject.
Keywords: Empire State Building; Megaprojects; Project management; Empire State Realty Trust (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:bushor:v:61:y:2018:i:1:p:47-57
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