A situation where managers or executives initiate an overly ambitious project which then fails is known as:

1. IRR Factor

2. Icarus Factor

3. Project Charter Failure

4. Calculation Error

Question added by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date Posted: 2015/06/15

Upvote (1) Views (6) Followers (4) Answers (4) Report Question

by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option2 is the right answer.

by Ahmed Hassanin CMA , Financial Planning and Controlling Manager , Methode Electronics

2. >>>>>>>>>>>>Icarus Factor

by Shazia Anees , Assistant Manager Finance , Arham Trading Company

3. Project Charter Failure=============

by Bilal Bilal Ashraf , Assistant Accountant and Office Admin , Hamdaani Food Company

In my opinion this situation comes when management made big errors in calculation so option4 is answer.

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