CM in Real Estate
Joseph Cole, Consultant, Canada
Your question is very provocative Prabhakar, and as I respond more thoughts enter my mind. Allow me to suggest that changing the 'industry' is too broad a mandate. After all your question defaults to a common belief and cultural mindset... 'cost overruns are a way of life'.
The first question I have is ...Do you have a sponser who is willing to invest in making changes? Consider the Beckhard Change Equation
as a starting point. Then find a champion, perhaps a government agent, or near-leading company wishing to be a champion, and build from there.
After all -- there is no greater inducement to change than competitors who see what is working for someone else, and they want to emulate it. Good luck.