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Escalation in Decision-Making Helga Drummond (Senior Lecturer, Institute of Public Administration and Management, Senior Lecturer, Institute of Public Administration and Management, University of Liverpool)

Escalation in Decision-Making By Helga Drummond (Senior Lecturer, Institute of Public Administration and Management, Senior Lecturer, Institute of Public Administration and Management, University of Liverpool)

Summary

This work describes the Taurus project - a #500m project to automate settlement systems on the London Stock Exchange. Begun in 1986, it was eventually abandoned in 1993. How was it that a major project promoted by the Stock Exchange could go wrong?

Escalation in Decision-Making Summary

Escalation in Decision-Making: The Tragedy of Taurus by Helga Drummond (Senior Lecturer, Institute of Public Administration and Management, Senior Lecturer, Institute of Public Administration and Management, University of Liverpool)

Getting organizations going is one thing. Stopping them is another. This book examines how and why organizations become trapped in disastrous decisions. The focal point is Project Taurus, an IT venture commissioned by the London Stock Exchange and supported by numerous City Institutions. Taurus was intended to transform London's antiquated manual share settlement procedures into a state of the art electronic system that would be the envy of the world. The project collapsed after three year's intensive work and investments totalling almost GBP500 million. This book is an in depth study of escalation in decision making. The author has interviewed a number of people who played a key role and presents a most readable account of what actually happened. At the same time she sets the case in the broader literature of decision making.

Escalation in Decision-Making Reviews

Helga Drummond succeeds in convincing the reader that the escalation concept provides a fruitful way of studying information systems failure ... I strongly recommend Escalation in Decision-Making. * Frank Lund, European Journal of Information Systems *
This well researched and readable study examines how and why organizations become ensnared in disastrous decisions, based on a specific case study. Both fascinating and important. Other projects could well benefit from a similarly rigorous analysis ... Certainly a book that should be read by all those involved in BOOT (Build, Own, Operate and Transfer) Investments/projects ... * Long Range Planning, vol.30, June 1997 *
Written in an almost chatty style, Drummond describes in detail just what can go wrong when purchasing major information management systems. The book is a strong potential lesson for all purchasing professionals involved in the management of major project expenditure ... For purchasers and project managers who do not want to end up in such a mess, this book is essential reading. * Supply Management *
Written in an almost chatty style, Drummond describes in detail just what can go wrong when purchasing major information management systems. The book is a strong potential lesson for all purchasing professionals involved in the management of major project expenditure ... For purchasers and project managers who do not want to end up in such a mess, this book is essential reading. * Supply Management *
...an enjoyable book to read, and you will learn a lot from it. - Daniel Read. Journal of Behavioural Decision Making. vol 11. 1998

Additional information

GOR005448438
9780198289531
0198289537
Escalation in Decision-Making: The Tragedy of Taurus by Helga Drummond (Senior Lecturer, Institute of Public Administration and Management, Senior Lecturer, Institute of Public Administration and Management, University of Liverpool)
Used - Very Good
Hardback
Oxford University Press
19961205
286
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Escalation in Decision-Making