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What is Project Failures

Financial Evaluation and Risk Management of Infrastructure Projects
This is when a project that fails to meet or deliver the expected outcome to the relevant stakeholders, it could be a result of budget failure, scheduling failures, or deadline failures where the expected outcomes for that particular project do not occur as proposed by the project manager and his team.
Published in Chapter:
Investigating Mega Project Schedule Challenges in Transnet Capital Projects
Vannie Naidoo (University of KwaZulu-Natal, South Africa) and Rajen Chetty (University of KwaZulu-Natal, South Africa)
DOI: 10.4018/978-1-6684-7786-1.ch004
Abstract
In view of the present climate around the globe, mega infrastructure developments are considered to be key catalysts driving economic development and social upliftment and transformation within the world economies today. However, the complexity of megaproject development especially when it comes to infrastructural development is a like a dual edged sword, and in recent years, the delivery of many infrastructural projects have come under scathing attack for schedule slippages, huge cost overruns, and questions over real benefits to the economic viability and sustainability it proposes to bring to the countries future DDP and GNP. This study analysed megaproject schedule challenges in transnet capital projects (TCP) in South Africa. The study employed a survey, and quantitative data were collected using a closed ended questionnaire from 191 megaproject personnel. The objective of the study was to undertake the quantitative analysis to critically assess schedule challenges.
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More Results
Prospects and Challenges of Application of Project Management Techniques to Enhance the Delivery of Projects in Libraries and Information Centers
These are the inabilities of projects to meet the objectives for which they are undertaken. They can also be the inability to deliver a project as at the time framed for it, or if projects cannot meet specifications underlying the objectives guiding their execution.
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