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Example of a Company Who Failed By Improper Budgeting

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Please help with examples of very large, highly visible, projects of companies that have resulted in massive failures. Examples of real life projects where capital budgeting was improperly done.

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Solution Summary

The solution gives an example of a company who failed by improper budgeting.

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Examples:
1) Federal Aviation Administration had a software development team working on a system to replace the antiquated air traffic control system. The system, the Advanced Automation System, had numerous bugs after over ten years of development. The software was too unreliable to trust for life and ...

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