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Although the contracts were drafted to ensure that the contractors would be forced to bear a significant portion of the cost of the project going wrong if it did go wrong, in reality this did not always happen. The NPfIT was described by Members of Parliament as one of the "worst and most expensive contracting fiascos" ever. [4] £12bn (£2.3bn)
Engineering is a precise discipline, requiring communication among project developers. Several forms of miscommunication can lead to a flawed design. Various fields of engineering must intercommunicate, including civil, electrical, mechanical, industrial, chemical, biological, and environmental engineering.
Management may desperately attempt to right the course of the project by asking team members to work grueling hours (14-hour days or 7-day weeks) or by attempting to "throw (enough) bodies at the problem", often causing burnout. The discomfort is heightened by project participants' knowledge that the failure is avoidable.
Fail-fast system; Failing badly; Failure analysis; Failure modes, effects, and diagnostic analysis; Failure of electronic components; Failure rate; Failure reporting, analysis, and corrective action system; Flixborough disaster; Forensic engineering
This is a list of accidents and disasters by death toll.It shows the number of fatalities associated with various explosions, structural fires, flood disasters, coal mine disasters, and other notable accidents caused by negligence connected to improper architecture, planning, construction, design, and more.
A team of more than 50 journalists from 21 countries spent nearly a year documenting the bank’s failure to protect people moved aside in the name of progress. The reporting partners analyzed thousands of World Bank records, interviewed hundreds of people and reported on the ground in Albania, Brazil, Ethiopia, Honduras, Ghana, Guatemala ...
The document also lists other more typical risks, including regulatory and competitive issues and "fires, floods, earthquakes, power losses, telecommunications failures, break-ins, and similar ...
Owned by the Medici family, it ran up large debts due to the family's profligate spending, extravagant lifestyle, and failure to control the managers. Mississippi Company: France: Sep 1720: Colonialism: Scottish economist John Law convinced the French government to support a monopoly trade venture in Louisiana. He marketed shares based on great ...