Problems in Smart Factory Projects
“We only think when we are confronted with a problem.”
Why Projects Fail
There are a lot of risks involved when a new investment project starts. The better you understand those risks, the better you can mitigate them.
During the first and second industrial revolutions, most manufacturing companies were managed by engineers who understood the technologies and thus to some extent the risks they were taking. However, history teaches us that even back then there were projects that failed, some of them spectacularly.
To me that is no surprise. The bigger the project, the higher its complexity. Combined with a lack of knowledge, these are the highest risk factors. And modern automation projects ...