The following entry is a record in the “Catalogue of Catastrophe” - a list of failed or troubled projects from around the word. J.P. Morgan Chase & Co. Project type: Financial risk analysis tool Project name: New Synthetic Credit VaR (Value at Risk) Model Date: Sep 2011 (project) – Apr-Jun 2012 (operational failure) Cost: Approximately $6B Synopsis: [...]
Posts under ‘Failed Project’
British Sky Broadcasting (BSkyB)
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. British Sky Broadcasting (BSkyB) Limited – Middlesex, UK Project type: Customer Relations Management system Project name: Sky CRM Project Date: Jan 2010 court case concluded Cost: £265M Synopsis: 2010 marked the end of [...]
Airbus – A380
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed or troubled projects from around the word. Airbus SAS - France Project name : A380 Project type : Commercial aircraft development Date : Dec 2000 – Oct 2007 Cost : $6.1B in additional costs due to project delays*1 Synopsis : I’ve often written about decision-making [...]
Marin County
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. Marin County - California, USA Project type : Enterprise Resource Planning system – Accounting package Project name : MERIT (Marin Enterprise Resource Integrated Technology) Date : Jan 2013 court case settled Cost :$33M Synopsis : Marin [...]
State of California
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. State of California – California, USA Project type : Payroll and benefits system Project name : 21st Century Project (MyCalPAYS) Date : Feb 2013 Cost :$254M Synopsis : As with many large organizations, the state [...]
US Department of Defense – U.S. Air Force
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. Department of Defense - USA Project type : Integrated supply chain and logistics system Project name : Expeditionary Combat Support System (ECSS) Date : Nov 2012 Cost :$1B Synopsis : When you have 5,400 high-tech aircraft to deploy [...]
Boeing Commercial Aeroplanes
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed or troubled projects from around the word. Boeing Commercial Aeroplanes - USA Project name : 787 Dreamliner Project type : Commercial aircraft development Date : Jan 2003 – Jan 2013 Cost : Additional $12B to $18B on top of original $5B cost estimate [...]
Northern Rock Asset Management
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. Northern Rock Asset Management - UK Date : Dec 2012 Cost : £270M Synopsis : Sometimes, the devil really is in the details! With a history dating back to the 1850′s, Northern Rock Bank became part [...]
Sanctuary of Mercy Church – Borja, Spain
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. Sanctuary of Mercy Church – Borja, Spain Date : Aug 2012 Cost : Unknown Synopsis : Granted, this is the smallest project in the catalogue, but it is a good illustration of one of the most [...]
Project Orca – 2012 US Presidential Campaign
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. 2012 Mitt Romney Presidential Campaign - USA Project name : Orca Project type : Political campaign – Operations management system Date : Nov 2012 Cost : Unknown Synopsis : The 2012 US Presidential election illustrates how the failure [...]