The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
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 :
Sir Clive Sinclair was one of the visionaries who made personal computing a reality. Launched in 1980, his ZX-80 PC helped usher i...
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Failed private sector project
De Havilland Comet
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
De Havilland Aircraft - UK
Project name : Comet
Project type : Commercial aircraft design and development
Date : 1949-1954 (filed under historical failures)
Cost : Unknown
Synopsis :
Developed in the late 1940's, the de Havilland Comet was the first jet airliner to enter commercial service. A technological leap forward, the Comet ushered in the jet ...
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Fox-Meyer Drugs
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
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 Resource Planning System (ERP) and new warehousing facilities results in the destruction of a $40B business. A project aimed at improving busine...
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London Stock Exchange – Taurus
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 : 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 as much as £400M by other stakeholders
Synopsis :
Efforts to move form paper based stock trading to a computerized system b...
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G4S – Olympics Security Shambles
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
G4S Security Services - UK
Project type : Provision of security personnel for the 2012 London Olympic games
Project name : Olympic games
Date : Aug 2012 Cost : $60M Management fee
Synopsis :
3,500 British military personnel are called in at the last minute to plug gaps in the 2012 Olympic Games security after G4S Ltd failed to deliver on their contract t...
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American LaFrance
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
American LaFrance – USA
Project : ERP (counting, purchasing, inventory, production, payroll and finance services)
Date : Jun 2007
Cost :$Undisclosed, but ALF blames Chapter-11 bankruptcy on the failure of the project
Synopsis :
ALF (the world's largest builder of customized fire fighting trucks and equipment) files for chapter-11 bankruptcy following a botch...
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Microsoft
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
Microsoft - USA
Project type : Mobile phone (Kin)
Date : Jun 2010 Cost :Unconfirmed reports of $1B USD
Synopsis :
Microsoft's "Kin" phones (Kin one and Kin two) are withdrawn from the market after just two months. The phones were designed for the younger market and those who are heavy users of social networking sites. Despite the the price being cut in half...
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West Jet – Canada
Following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
West Jet - Canada
Project type : New passenger Reservations System
Date : Jan 2007 Cost : $34M USD
Updated: 2 Dec 2009
Synopsis :
Efforts to implement a new customized reservations system cancelled amid delays and quality concerns.
Update 2 Dec 2009 - Following the cancellation of the original project in 2007, Westjet moved their reservations systems to t...
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Canadian Payments Association
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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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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