Failures in Project Management : Analysis and Managerial Solutions

This study investigates the failure in project management due to bounded rationality of organizations in the presence of complex and uncertain environments. Examples of failure in project management are described from pharmaceutical sectors (e.g., antibody drugs for Alzheimer’s disease), space and aircraft industry (Mars Climate Orbiter, Boeing 737-MAX) and transportation and construction industries (e.g., bridge and building collapses). Strategies of organizational management to face failure in projects are suggested to support best practices of management directed to improve effectiveness in achieving intermediate objectives and final goals for the competitive advantage of firms