Picture a seasoned project manager calmly reviewing blueprints with her team. Her confidence stems not just from technical knowledge but from years of navigating unpredictable challenges. This practical wisdom, or phronesis, is the tacit knowledge that textbooks cannot teach.
Yet experience is often sidelined in favor of politics or ambition, increasing risks. Projects that ignore lessons from the past frequently repeat costly mistakes.
Leaders with deep experience can recognize subtle warning signs, balance optimism with realism, and foster cultures that learn from failure. This intuitive judgment is crucial for managing the complexities of big projects.
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