Catastrophic financial disaster


Assignment:

Properly planning and executing a project can mean the difference in success or failure and hundreds of millions of dollars in the balance sheet for an enterprise. Course textbook points out the Denver International Airport baggage system $560 million boondoggle cost overrun, which eventually led to the scrapping of the entire system, followed by a new replacement project.

Question: Find a prime example of another "big loser" event where an enterprise suffered a similar catastrophic, financial disaster. To who or what was the blame attributed. State your suggestions for how the failure could have been avoided?

 

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Business Management: Catastrophic financial disaster
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