Where Are We Going In This Hand Basket?
- Organization:
- Canadian Institute of Mining, Metallurgy and Petroleum
- Pages:
- 41
- File Size:
- 1699 KB
- Publication Date:
- May 1, 2010
Abstract
What is a Failed Project? For mining projects, some key indicators of a ?failed? project are: ? Cost is more than it should be (particularly capital) ? Schedule ? It takes longer to build than expected ? It takes longer to ramp-up than expected ? It does not do what it is supposed to do ? Poor performance; output, product specifications; ? Low revenue ? High costs ? No one is happy about it: Management, Shareholders, Bankers ? Does a project fail if it does not meet expectations that were unrealistic and unattainable? ? Caution: Failure may not become evident until years later
Citation
APA: (2010) Where Are We Going In This Hand Basket?
MLA: Where Are We Going In This Hand Basket?. Canadian Institute of Mining, Metallurgy and Petroleum, 2010.