Capturing Lessons Learned Can Help Teams Turn Project Failure into Long-Term Project Success
Project failure comes in all shapes and sizes. Mexico City's US$13 billion airport project was canceled in October 2018 even though 37 percent of the work already had been completed. And in February 2019, an ambitious high-speed rail project in the U.S. state of California was dramatically scaled back after costs more than doubled in the past 10 years. In the private sector, Kinder Morgan canceled a project in October 2018 to convert a 964-mile (1,551-kilometer) natural gas pipeline in the United States to carry fracking byproducts—after four years of planning. The culprit: The team failed to convince local stakeholders in multiple states of the project benefits.