Large-scale IT projects can often fail, even if they seemed a good idea at the time. This is the story of the collapse of the multi-million pound TAURUS project, commissioned by the London Stock Exchange.
Get full access to this article
View all access options for this article.
References
1.
DrummondH., Escalation in Decision Making: the Tragedy of TAURUS,Oxford, Oxford University Press1996.
2.
Interview, Mitford-SladePatrick, May 1994.
3.
“TAURUS”, Financial Times, 10 March 1990, p. 24.
4.
FeldmanM. A. and MarchJ. G., ‘Information In Organizations As Signal And Symbol’, Administrative Science Quarterly,26, 1981, pp. 171–186.
5.
MeyerJ. W. and RowanB., ‘Institutionalized Organizations: Formal Structure As Myth And Ceremony’, American Journal of Sociology,83, 1978, pp. 340–363.
6.
DrummondH., Power: Creating it, Using it,London: Kogan Page, 1991.
7.
‘Project TAURUS: A Prospectus for Settlement In The 1990's, Prospectus 2’, International Stock Exchange,London, UK, 1991, p. 7.
8.
Interview, member of TAURUS monitoring group, June 1994.
9.
SaurC., Why Information Systems Fail,Henley: Alfred Waller, 1993.
10.
Interview, PeterRawlins, October 1993.
11.
Interview, asset manager, July 1994.
12.
‘Project TAURUS’, op. cit., p. 1.
13.
DanielsC. L., Information Technology: The Management Challenge, Reading: Addison-Wesley, 1993.
14.
Interview, PeterRawlins, October 1993.
15.
DrummondH., op. cit.,1996.
16.
Interview, member of the TAURUS monitoring group, June 1994.
17.
The Competitive Position of London's Financial Services: Final Report, The City Research Project, London, London Business School, 1995.
18.
Equity Settlement In London: Its Importance To London As A Financial Centre,London Business School, The City Research Project, September, 1993.
19.
‘Project TAURUS’, op. cit., p. 3.
20.
Interview, BillWiddis, June 1994.
21.
Interview, member of Stock Exchange technical team, May 1994.
22.
WatersR. and CaneA., ‘Sudden Death Of A Runaway Bull’, Financial Times, 19 March, 11, 1993.
23.
BakerMichael, private communication.
24.
‘Project TAURUS’, op. cit., p. 3.
25.
‘Project TAURUS’, op. cit., p.14.
26.
‘Project TAURUS’, op. cit., p.14.
27.
Interview, member of Stock Exchange technical team, May 1994.
28.
Interview, member of TAURUS monitoring group, June 1994.