Costs: Costs of in individual cities run in several million dollars. Consequences: These failures did not produce any tax revenues or jobs. In fact, they destroyed the existing revenues and jobs, along with the homes and businesses they eliminated. Also, public expenditures on the project were wasted and they created nothing more than a scar on the nation’s landscape.
10) Project: Red Dragon
This was a project by the Ministry of Defense (MOD), Welsh Assembly Government and the then Welsh Development Agency (the Welsh Authorities) to provide modern aviation repair facilities.
Cost: It has cost the taxpayer around ?113 million, although it was meant to have saved MOD money and protected jobs in the area, according to a joint report released by the National Audit Office and the Wales Audit Office (10).
Reasons of failure: The Ministry of Defense and the Welsh Authorities failed to collaborate sufficiently throughout the project. Although for much of the time both had complementary objectives, they did not establish a common purpose for the project or a common understanding of their respective assumptions about the future of the site. The Red Dragon project highlights the danger in large and complex projects that involve multiple public bodies of insufficient openness and information sharing.
Lesson that a new system analysts can learn from these project failures are as following:
Lack of planning plays the most important role in a failed project. If a project is not planned properly it can affect a multitude of things in the project. One of the most critical things that a lack of planning can affect is the amount of time that is spent on a project. If more time than that which is needed is wasted on a project, then this will waste valuable money and resources. If enough time is not planned for the project, then important details can be missed. Without a plan of action, vital material may be left out of the project. This can cause the project to fail because it may not accomplish what the project was designed to achieve. Poor project planning can cause the goals of the project to be left unfinished.
A restricted budget can cause many problems that lead to the failure of a project. Of course, every project has some type of budget restraint, but too tight of a budget is a plan for failure. If the budget is low on funds, then the employees may not have all of the proper materials required for completing a successful project. An under budgeted project may also not have enough money to pay for the proper amount of man hours required to finish a project, or may not be able to hire the required personnel at all.
