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 private sector 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 [...]
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 [...]
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 [...]
Sinclair C5
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. Sinclair Vehicles – UK Project name : C5 Project type : Personal transportation device Date : 1985 (filed under historical failures) Cost : $12M, plus significant damage to the reputation of the Sinclair brand Synopsis : [...]
Bristol Aeroplane Company
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. Bristol Aeroplane Company - UK Project name : Bristol Brabazon Project type : Aircraft design and development Date : 1949 (filed under historical failures) Cost : £12M (1949 costs) – £350M (2012 inflation adjusted cost) Synopsis : Project [...]
Fox-Meyer Drugs
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. Fox-Meyer Drug - USA Project type : Enterprise Resource Planning Date : Aug 1996 (filed under golden oldies) Cost : $40B write down in share value – company bankrupt Synopsis : A $65M investment in an Enterprise [...]
London Stock Exchange – Taurus
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. London Stock Exchange - UK Project : Taurus (Transfer and Automated Registration of Uncertificated Stock) Project type : Share trading system Date : Mar 1993 (filed under golden oldies) Cost : £75M lost by the London Stock Exchange and [...]
G4S – Olympics Security Shambles
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the word. G4S Security Services - UK Project type : Provision of security personnel for the 2012 London Olympic games Project name : Olympic games Date : Aug 2012 Cost : $60M Management fee Synopsis : 3,500 British military personnel are called [...]