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Case: Project managers can learn as much, if not more, from failed projects as they can from successful ones. An infamous failed project is the Stretch project initiated in 1956 by a group of computer scientists at IBM who wanted to build the world's fastest supercomputer. The result of this five-year project was the IBM 7030, also known as Stretch. It was the company's first transistorized supercomputer.
Though Stretch could handle a half-million instructions per second and was the fastest computer in the world up to 1964, the project was deemed a failure. Why? The project's goal was to create a computer 100 times faster than what it was built to replace. Stretch was only about 30-40 times faster.
The planned cost was $13.5 million, but the price dropped to $7.8 million; so, the computer was at least completed below cost. Only nine supercomputers were built.
Research the Stretch project and the lessons learned.
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