The following entry is a record in the “Catalogue of Catastrophe” – a list of failed or troubled projects from around the world.
Project name : Fyre FestivalProject type : Music festivalDate : Apr 2017Cost : Undeclared
Synopsis :
The execution of a large-scale music festival can be a complex Project Management challenge. The bigger the event, and the higher the expectations, the more challenging it becomes. Throw in a remote location, a lack ...
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Failed private sector project
A380 – Take two
The following entry is a record in the “Catalogue of Catastrophe” – a list of failed or troubled projects from around the world.
Airbus SAS – France
Project name : A380
Project type : Commercial aircraft development
Date : Feb 2019
Cost : Undeclared, but certainly in the billions of dollars in lost opportunity and other costs.
Synopsis :
An old Danish proverb (sometimes incorrectly attributed to Yogi Berra) quips that "It is difficult to make predictions, especially about the future”. Unfor...
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Volkswagen
The following entry is a record in the “Catalogue of Catastrophe” – a list of failed or troubled projects from around the world.
Organization: Volkswagen Group (VW)
Project type : Vehicle emissions system
Project name : Unknown
Date : September 2015
Cost : Potential costs in the region of $18B
Synopsis :
Arguably one of the most expensive scandals in modern corporate history, the revelation that Volkswagen cheated government emission testing has shaken people's confidence in a once solid bra...
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Target Canada
The following entry is a record in the “Catalogue of Catastrophe” – a list of failed or troubled projects from around the world.
Target - Canada
Project type : Retail store opening
Project name : Unknown
Date : Jan 2015 Cost : In the region of $7B
Synopsis :
Drawn by lower prices, it is common for Canadian families to cross over into the USA to grab their shopping. One favourite destination has always been the US retailer known as "Target". Famous for their large red and white bulls eye log...
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IBM
The following entry is a record in the “Catalogue of Catastrophe” – a list of failed or troubled projects from around the world.
IBM (International Business Machines) - USA
Project type : Organizational performance improvement and strategic realignment
Project name : Roadmap 2015
Date : 2010-2014 Cost : Unknown
Synopsis :
Most of the projects noted in the catalogue were aimed at producing some form of product or tangible deliverable. IBM’s “Roadmap 2015” initiative is a little different; it...
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Sinking of the RMS Tayleur
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
White Star Line
Project name : RMS Tayleur
Project type : Passenger ship
Date : 1854 (filed under historical failures)
Cost : Unknown
Synopsis :
The sinking of the White Star Line's Titanic on her first voyage is one of the world's classic disaster stories. What few people know is that the Titanic was not the first passenger liner sailing under the White St...
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Avon Products
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed or troubled projects from around the world.
Avon Products - Canada
Project type : Product sales and ordering system
Project name : The "Promise" project
Date : Dec 2013 Cost : $100 to $125M
Synopsis :
Ding-dong - Avon calling. According to reports, a significant number of the Avon sales team in Canada will no longer be pressing any doorbells. One of the world's most established direct sales companies, Avon ...
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J.C. Penny
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed or troubled projects from around the world.
J. C. Penny Company Inc - USA
Project type : Nationwide merchandise pricing strategy
Project name : Fair and square
Date : Nov 2011 - May 2013 Cost : Contributor to $1B loss
Synopsis :
Know thy customer is the marketer's prime directive. Understand your stakeholder's is the Project Manager's corollary. J.C. Penny is a national level department store chain in the U...
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J.P. Morgan Chase & Co.
The following entry is a record in the “Catalogue of Catastrophe” - a list of failed or troubled projects from around the world.
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:
Sometimes the mightiest of the mighty is humbled by the meekest of the meek. Microsoft Excel may not be the most grandiose sof...
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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 world.
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 another chapter in what is reputed to be IT's longest and most expensive court battle: the battle between BSkyB (a digital televi...
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