WebApr 1, 1993 · As one newspaper (The Independent) scathingly remarked, the project's failure is "one of the outstanding examples of technological ineptitude of our times". Taurus was an ambitious project. Although one of its main purposes was speeding up settlement of bargains on the Stock Exchange, it was not just a settlement system or a depository.
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Riding a tiger: some lessons of Taurus - Salisbury University
Webprecisely what happened in the case of Taurus. Projects fail when support is withdrawn (Saur, 1993). Support was withdrawn from Taurus because the project became so large and so complicated that it could not be built to an acceptable time frame or budget. Yet the original Taurus concept was extremely simple. It could have been constructed within
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London Stock Exchange — A Case Study | by Tyler Hargreaves - Medium
WebJul 14, 2010 · Some generic examples of failure modes are clear. Failure of the Taurus IT project in the 1990s (Drummond, 1998) was believed to be substantially triggered by uncontrollable scope creep through poor project definition and excessive stakeholder influence that led to paralysis.
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London Stock Exchange – Taurus – Why Do Projects Fail?
WebAttempt 1 failure – Failure to align the differing interests of the stakeholders. Underestimation of complexity. Attempt 2 failure – Design by committee. Lack of effective governance. Poor strategic decision making (purchasing a system that was a poor fit to requirements). Related story :
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Are we any closer to the end? Escalation and the case of Taurus
WebFeb 1, 1999 · The collapse of project Taurus, a £500 million IT venture commissioned by the London Stock Exchange, ranks as one of the major fiascos of business history. This paper examines key events in the design and construction of Taurus with reference escalation theory.
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Are we any closer to the end? Escalation and the case of Taurus
WebJul 8, 2008 · The Taurus Project is a great case study. First of all it is a failed IT project. It took the project some 500 million GBP and 5 years to fail. And secondly it was a visionary project overhauling the IT of the London financial market. Drummond examines the route to …
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The politics of risk: trials and tribulations of the Taurus project
WebOn Wednesday 11 March 1993, the City of London was shocked by the sudden cancellation of project Taurus. The Stock Exchange had spent over three years and £80 million in the venture. The securities industry had invested over £400 million developing their own systems in preparation for Taurus.
WebSep 16, 1999 · Taurus, a horribly expensive project to dematerialise settlement, collapsed in 1993 after running up £80m ($120m) in costs to the exchange and many times that to its member firms: settlement...
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Shaping success through creative failure: A historical sensemaking
WebNov 13, 2019 · This article draws on the concept of sensemaking and sensegiving to examine how the failure of a project, TAURUS, influenced the successful development of an innovative security settlement system, CREST, which has shaped the computerisation of the wholesale UK financial industry.