Introduction:

Projects regardless of their type, industry and nature have failed for as long as humans have been trying to deliver projects on time.Until the current changes in Corporate Law, failure whilst not exactly tolerated did not cause too much concern at board level in past years. Now failures must be accounted for and the accounts need to show just what impact to either the bottom line or the shareholders funds that such project failure causes. The shareholders of major corporate who fail to deliver a forecasted profit are on the warpath.