Question
Question : Give your views with a real-life example on White elephant in project management? The example I found in CourseHero is below: ((The term
Question : Give your views with a real-life example on White elephant in project management?
The example I found in CourseHero is below:
((The term 'White Elephant" is a term used to describe a financial project that fails to live up to its expectations. A white elephant project has no bounds in optimism, the term was first coined by P.T Barnum was a 19th-century showman who was infamous for hoaxes, in one of his hoaxes, he used a white elephant named Tong Taloug, the term has been used by other historians. An example of a white elephant is Ryugyong Hotel in North Korea, the hotel is a pyramid-shaped skyscraper suited. The construction of the hotel started in 1987 and is yet to be complete, this shows how ambitious the project was in the first place. The construction of the hotel was launched by the North Korean-based government that later experienced financial difficulties. Several companies have expressed their interest in completing the hotel, the poor international relations of North Korea have discouraged foreign investors.))
However, I need examples of financial project that happen in 21st century. Thank you
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started