Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
Canadian Payments Association – Canada
Project : Truncation and Electronic Cheque Presentment (TECP)|
Date : Jan 2009
Cost : $undisclosed, but web search indicates project to have been a $300M initiative
Synopsis :
The TCEP system was a system designed to simplify the clearing of checks by scanning and transmitting check data between banks rather than transf...
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Failed Project
London Stock Exchange – TradElect
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
London Stock Exchange – UK
Project : TradElect
Date : Sep 2009 Cost :$68M
Synopsis :
After four years of development, but just two years of use the London Stock Exchange's flagship trading platform (TradElect) is to be decommissioned and replaced. Lending credence to allegations that recent outages at the exchange were caused by the TradElect, the announcemen...
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Marine One
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
US Navy
Project name : Marine One
Date : Jun 2009 Cost :$13B
Synopsis :
To allow for rapid and safe transport of the President and other VIP's, the US Government maintains a fleet of VIP transport helicopters. The current fleet of Sea King and Blackhawk helicopters was first deployed in the 1970's. Following the 9/11 attacks, the US Government decided tha...
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Air Canada
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
Air Canada
Date : Aug 2009 Cost :$67M
Synopsis :
Following more than 3 years of development effort, Air Canada suspends its efforts to implement a next-generation air reservation and departure control system. Citing capital cost issues the airline announces a $67M write down related to the development. Originally planned to start deployment in 2007, the implem...
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Foundation for Student life (Oslo) – Laundry system
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
The foundation for student life (Oslo) – Norway
Date : May 2009 Cost :$14M + some dirty laundry
Synopsis :
As part of a move to SAP the Oslo based Foundation for Student Life elected to tie the laundry facilities in the student village into their accounting systems. Integrating the laundry machines into the accounting systems meant that students had to pay fo...
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City of Vancouver – Olympic Village
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
City of Vancouver – Canada
Date : Jan 2009 Cost :$250M cost overrun
Synopsis :
While we don't often touch on construction projects in this database, a construction project is still a form of technology project. The following example nicely illustrates what happens when financial risks are ignored.
Having won the right to host the 2010 Winter Olympics in 20...
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Veterans Affiars – USA
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
Veterans Affairs - USA
Project : Replacement Scheduling Application (RSA)
Date : Aug 2009 Cost :$41M
Synopsis :
After seven years of development the Veterans Affairs (VA) Replacement Scheduling Application (RSA) is scrapped. As a component of the larger HealtheVet system, the Replacement Scheduling Application was to allow veterans to request and view medical...
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Department of Transport – UK
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
Department for Transport - UK
Project name : Shared Services
Date : May 2008 Cost :$160M
Synopsis :
Program to improve efficiency in the UK's Department of Transport ends up costing more than it saves. By sharing hardware and software services across the department the project was intended to save the organization $114M. A May 2008 study the the U...
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Qantas
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
Qantas - Australian airline
Project name : Jetsmart
Date : Feb 2008 Cost :$40M
Synopsis :
"Jetsmart" engineering parts management system is renamed "Dumbjet" by aircraft engineers because the system is so difficult to use. Failure to engage the engineers who would be the eventual users of the system into the requirements and design processes resulted in a...
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Firearms Registry
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
Canadian Federal Government - Canada
Project name : Canadian Firearms program
Date : Jun 2006 Project Cost :$1,000M CAD
Synopsis :
In what may be the worst budget overrun in history, the costs to implement a registry of firearms balloons from $2M to $860M. Original plan called for the program to cost $119M of which all but $2M would be covered by license ap...
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