Project Failure Case Studies and Suggestion

Abstract

In this research paper three different case studies are taken under consideration. Step by step all three cases are described. These cases are about projects which had to face failure. Therefore, the reasons for failure of projects are identified and recommendations are given to ail failing projects. First case study is about British Petroleum which is oil and Gas Company had to face situation which was not just critical but new for any oil company. The incident occurred due to explosion in the deep-water horizon while BP technical staff was trying to drill a well. Moreover, BP was not able to stop oil flow for three months. Second case is about Chrysler and Fiat. Both were automobile companies and had to face failure. Marchionne was the one who saved both companies. The main focus of this case is merger of these two companies and the challenges faced by CEO due to organizational change after merger. Third case study is about Millennium Dome, one of the controversial projects in the history of construction projects because of number of reasons. With the help of case study we will be able to learn the causes of failure of this project. Further recommendations to ail failure are given.

Understanding of Public–Private Partnership Stakeholders as a Condition of Sustainable Development

“…Miccoli, Finucci, and Murro [15] also call for integration of the development process, which means among others a holistic approach, bottom-up planning and implementation, community, and Public-Private sector financial collaboration. We would like to contribute to this discussion [16][17][18][19] as well as shed some more light on the reasons for PPP success as well as failure. Although the National Audit Office [20] states that a dramatic drop in both the number and the capital value of new PPP projects in the United Kingdom has been determined by the financial crisis and the increased costs of private finance, the complex relationships in PPP have been reported as one of the main reasons for a PPP failure [21][22][23][24].…”

Government project failure in developing countries: A review with particular reference to Nigeria

“…Various studies consider failure to have occurred when a project does not achieve its goals (Hoang and Rothaermel, 2005;Mirza, Pourzolfaghar and Shahnazari, 2013). In recent years, governments and organisations have experienced project failure globally (Nelson, 2007;Abbasi, 2014;Patanakul, 2014;Damoah and Kumi, 2018). This failures directly translates to the loss of huge amounts of money by the government.…”

“…Furthermore, as finance is considered a resource during project execution, problems associated with finance is regarded as one of the major factors that lead to project failure. Studies show that many projects have failed globally as a result of poor management, inadequacy or lack of finances (Pourrastam and Ismail, 2011;Abbasi et al 2014;Zuofa, 2014). Some construction projects experience delays caused by financial issues.…”

Initiation of capital projects in industries having an operational focus: an Australian stevedoring case example

“…It was evident that the industry considerations and context may have an impact on the project initiation process, the operationally driven environment plays a role in prioritising project, the reason the project is initiated and the decision-making process. Abbasi et al (2014) argued that even in a project-expert organisation but outcome-driven, project failure can occur. The lack of consultation with the internal stakeholders and the misalignment of goals across the organisation impact the initiation of the project.…”