. In your opinion being project management professional, what were three major follies those failed the enterprise to leverage “quantum leap”, phenomenon of the project leading to bankruptcy?
Project specification advancements meant that more funds were needed. Firstly, bankruptcy happened because the outcome of the project was to make profits regardless of market conditions. however, there were losses that triggered redemptions from most investors, leading to fund close. Secondly, due to high leverage, the market was unable to move to a favourable direction, forcing popular funds to close. Thirdly, the project manager utilized leverage and derivatives to trade securities they hardly owned.
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