• Title/Summary/Keyword: Project Failure

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A Causal Analysis of Conglomerate Bankruptcies

  • KU, Sang-Wuk;WHANG, Yun-Oh
    • The Journal of Economics, Marketing and Management
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    • v.8 no.1
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    • pp.12-19
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    • 2020
  • Purpose - Strategic causes for the failure include unrealistic growth, overexpansion, unfamiliar new markets, volume obsession, unrealistic promises and poor project selection. Organizational causes are insufficient capital and profits, lack of business knowledge, poor financial management, poor sales skills, inadequate marketing, poor leadership, poor leadership transfer, project losses, poor field performance and owner bankruptcy. Uncontrollable causes include industry and economic weakness and banking and surety changes. While helpful, the list provides insufficient clarity regarding the causal roots of failure. Research design, data and methodology - The research framework to organize the information involved with many of the recent and large failures in the industry. Results - This research then identified five dominant root causes - excessive egoism, poor strategic leadership, too much change, loss of discipline and inadequate capitalization. Conclusion - Finally, additional input from external forces may accelerate the firm's pace to failure. It is important on the development of diagnostic tools that are based on this model and that will provide new ways to assess a conglomerate's level of risk for incurring a financial crisis.

Case-Based Reasoning Support for ERP Pre-Planning

  • Kwon, Suhn-Beom;Shin, Kyung-shik
    • Journal of Intelligence and Information Systems
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    • v.9 no.2
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    • pp.171-184
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    • 2003
  • A project planning is one of the most important processes that determines success and failure of the project. A pre-project planning is also essential job for information system implementations at the early stage of project planning, especially for management information system like ERP. However, pre-project planning is very difficult, because lots of factors and their relationships should be considered. Pre-project planning of ERP implementation has been done by project manager's own knowledge and experiences. In this article, we propose a system that help project manager to make a pre-project plan of ERP project with case-based reasoning(CBR) framework. The proposed CBR system saves previous cases of ERP pre-project planning in the case base. Then, the system finds the most similar case with the current pre-project planning problem. Project manager can make a pre-project plan by adjusting the most similar case. From the interview with project managers, we collect some field cases of ERP implementation. We organized these cases by using XML(Extensible Markup Language), which is good for representing hierarchical information. XML gives us some flexibilities to correct and maintain cases. We make a prototype system, PPSS(Project Planning Support System) that help project manager to make a pre-project plan of ERP implementations. The object of the system is to support project manager to make a pre-project plan of ERP. We hope the result of the study can be applied to other information systems. Our research would be extended to cover other stages of project planning.

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Case-Based Reasoning Support for ERP Pre-Planning

  • Kwon, Suhn-Beom;Shin, Kyung-shik
    • Proceedings of the KAIS Fall Conference
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    • 2003.11a
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    • pp.171-177
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    • 2003
  • A project planning is one of the most important processes that determines success and failure of the project. A pre-project planning is also essential job for information system implementations at the early stage of project planning, especially for management information system like ERP. However, pre-project planning is very difficult, because lots of factors and their relationships should be considered. Pre-project planning of ERP implementation has been done by project manager's own knowledge and experiences. In this article, we propose a system that help project manager to make a pre-project plan of ERP project with case-based reasoning(CBR) framework. The proposed CBR system saves previous cases of ERP pre-project planning in the case base. Then, the system finds the best similar case with the current pre-project planning problem. Project manager can make a pre-project plan by adjusting the most similar case. From the interview with project managers, we collect some field cases of ERP implementation. We organized these cases by using XML(Extensible Markup Language), which is good for representing hierarchical information. XML gives us some flexibilities to correct and maintain cases. We make a prototype system, PPSS(Project Planning Support System) that help project manager to make a pre-project plan of ERP implementations. The object of the system is to support project manager to make a pre-project plan of ERP. We hope the result of the study can be applied to other information systems. Our research should be extended to cover other stages of project planning.

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An Empirical Study on Risk Factors in Information System Project Management (정보시스템 프로젝트의 위험요인에 관한 실증 연구)

  • Cho, Suk-Jin;Lee, Seog-Jun;Hahm, Yu-Keun
    • Asia pacific journal of information systems
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    • v.16 no.3
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    • pp.143-158
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    • 2006
  • Identifying risk factors in software risk management is imperative for project managers. The purpose of this paper is to provide software project risk factors validated by statistical analysis, and thus to help project managers alleviating the possibility of software project failure. Factor analysis with data collected from 264 Korean project managers and consultants identified 12 categories and 46 risk factors. T-test results showed that project managers and participants had statistically different perception on 3 risk factors among those 46 risk factors. We concluded by discussing implications of our findings and future research directions.

Recent Insights from the International Common-Cause Failure Data Exchange Project

  • Kreuser, Albert;Johanson, Gunnar
    • Nuclear Engineering and Technology
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    • v.49 no.2
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    • pp.327-334
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    • 2017
  • Common-cause failure (CCF) events can significantly impact the availability of safety systems of nuclear power plants. For this reason, the International Common Cause Data Exchange (ICDE) project was initiated by several countries in 1994. Since 1997 it has been operated within the Organisation for Economic Co-operation and Development (OECD)/Nuclear Energy Agency (NEA) framework and has successfully been operated over six consecutive terms (the current term being 2015-2017). The ICDE project allows multiple countries to collaborate and exchange CCF data to enhance the quality of risk analyses, which include CCF modeling. As CCF events are typically rare, most countries do not experience enough CCF events to perform meaningful analyses. Data combined from several countries, however, have yielded sufficient data for more rigorous analyses. The ICDE project has meanwhile published 11 reports on the collection and analysis of CCF events of specific component types (centrifugal pumps, emergency diesel generators, motor operated valves, safety and relief valves, check valves, circuit breakers, level measurement, control rod drive assemblies, and heat exchangers) and two topical reports. This paper presents recent activities and lessons learnt from the data collection and the results of topical analysis on emergency diesel generator CCF impacting entire exposed population.

A study on the development on project scope management module using rule and case-based reasoning (규칙과 사례기반추론 기법을 이용한 프로젝트 범위관리 모듈 개발에 관한 연구)

  • Shin, Ho-Kun;Jeon, Sung-Ho;Kim, Chang-Ho
    • The Journal of Information Technology
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    • v.7 no.3
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    • pp.127-137
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    • 2004
  • A Project planning is one of the most important processes that determines success and failure of a project. Scope management for a project planning is also essential job in system integration project. However project planning is very difficult because lots of factors and their relationships should be considered. Therefore project planning of system integration project has been done by project manager's own knowledge and experience. It is necessary to develop an algorithm of WBS(Work Breakdown Structure) identification & document selection along to project's specificity in project management system using AI technique. This study presents a methodology to cope with the limitations of the existing studies that have uniformly been customizing the methodology by only project complexity. We propose PPSM(Project planning support module) based on determination rules regarding route maps and document levels, and CBR(Case-Based Reasoning) for WBS identification.

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Case Study on Failure of Rock Slope Caused by Filling Material Formed along the Bedding Plane of Sedimentary Rock (퇴적암의 층리면을 따라 형성된 충전물에 의한 암반사면 붕괴사례)

  • Kim, Yong-Jun;Lee, Young-Huy;Lee, Jong-Sung;Kim, Wu-Jun
    • Proceedings of the Korean Geotechical Society Conference
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    • 2006.10a
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    • pp.256-267
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    • 2006
  • After heavy rainfall, It was occurred massive plane failure along bedding plane of shale in the center of rock slope. It was observed filling material and trace of underground water leakage around of the slope. We tried to find the cause for slope failure, and the result of examination showed that primary factors of the failure were low shear strength of clay filling material and water pressure farmed within tension crack existed in the top of the slope. In this research, in order to examine the features of shear strength of filled rock joint, shear test of filled rock joint was conducted using of artificial filling material such as sand and clay. Also we made an investigation into the characteristics of shear strength with different thickness of filling materials.

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Applying rework indicator to control software development project (소프트웨어 개발 프로젝트 제어를 위한 재작업 지표의 적용)

  • Han Hyuk-Soo;Kim Han-Saem
    • The KIPS Transactions:PartD
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    • v.13D no.1 s.104
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    • pp.61-66
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    • 2006
  • It is reported that the success ratio of software development projects has been only 30%. Many causes lower project's chance of success, particularly lack of systematic project management. Especially, moving on the next phase of project with unsatisfactory outputs can be very problematic because it can cause much waste of resource, time and even lead to the failure of the whole project. Peer review and inspection are some of the practices designed to prevent such waste and possible failure. When defects are identified through such progress, each developer has to work on the product component again and fix the problem. This process is called rework. In this paper, we propose a method for improving quality of reworked product component to prevent excessive cost and time consumed caused by moving on the next phase of a project with a problematic product component. More specifically, this paper suggests a rework indicator that measures the level of rework based on its complexity and severity and is used to choose appropriate checking method on reworked product component. The research also confirmed the method's usefulness and effectiveness by applying the suggested method on four projects.

Success Factors of Donation-based Crowdfunding : DonorsChoose Case (기부형 크라우드펀딩의 성공 요인 : 도너스츄즈 플랫폼을 중심으로)

  • Park, Hyun-Jung;Shin, Kyung-Shik
    • Journal of Information Technology Services
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    • v.15 no.2
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    • pp.1-19
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    • 2016
  • With various success stories of crowdfunding, government's establishment of crowdfunding act, and expected rapid growth of crowdfunding market, the potential ripple effect of crowdfunding on our society is anticipated to be enormous. This study investigates the influential factors and their impacts on the likelihood of project success in donation-based crowdfunding through the DonorsChoose case. The authors analyze the characteristics of project creator, characteristics of project, and behaviors of project participants in relation to the success or failure of the corresponding project. Consequently, the authors found that participants of donation-based crowdfunding exhibit altruistic behaviors and obtained the following specific results: First, donation participation and social capital of the project creator, and marginal help utility of receivers positively affect the success of project. Second, experience of past project creation of the project creator negatively affects the success of project. Third, past donations of the project creator to others' projects, when not appropriately signaled like on the DonorsChoose platform, may not exert a positive influence on the success of project and the reciprocity principle may not work.

Gradational Risk Management in Procurement Phase for Plant Projects (플랜트 프로젝트의 구매조달 단계별 리스크 분석에 관한 연구)

  • Na, Sung-Yub;Moon, Seung-Jae;Yoo, Hoseon
    • Plant Journal
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    • v.5 no.3
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    • pp.59-65
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    • 2009
  • In the plant EPC project, the procurement work can be considered as the most important part that affects the success or failure of project as it has the closest mutual influence in every execution process of the project. Procurement takes up generally 60% ~ 70% of the entire project budget and the current trend of plant EPC project becoming larger in scale and a variety of process technology being applied. So, it is needed to identify the risks that are expected to occur according to the stages of procurement work, namely, proposal stage, manufacturer selection and purchasing agreement stage, expediting the process management of manufacturer stage, inspection stage and logistics & transportation stage. The management of observation and control of the risks should be performed with the response techniques which are 'avoid',' transfer'and' mitigate'.

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