The First Panama Canal Summary

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Ch. 1 - Anatomy of a failed project: the first Panama Canal project
The first Panama Canal project failed due to numerus reasons, lack of good project and risk management contributed a great deal to the negative outcome. Due to negligible investment in project management aided significantly in the decision to move forward with the project which directly resulted in large project issues leading to its ultimate failure.
An International Congress sponsored by Ferdinand de Lesseps was created to study the practicability of a canal connecting the Atlantic and Pacific oceans through Central America. Ideas for construction, including a realistic “lock-and-dam” which is similar to how the canal that was ultimately built but before that Congress voted …show more content…

De Lesseps paid little attention to technical problems. De Lesseps supported the thought that need would return in innovation as it had at Suez, and the future would take care of itself.
$60 million US dollars was raised from investors through public offering, however, this is still less than one-third of the initial engineering cost which estimated to more than $200 million US dollars. During the trip De Lesseps made to Panama and New York to build support for the project, he did not engage technical experts as he should have.
Originally the estimates of the volume of excavation required started to rise, to 120 million cubic meters which triples the estimates provided in the original plan. Although the magnitude of the project effort rose, De Lesseps still made no public change to the cost estimates nor to the completion date of the project.
Ch. 2 - Sponsorship and initiation
After De Lesseps fail of the Panama Canal project it became just an, lessons learned but attractive opportunity for future. In 1901 President Theodor Roosevelt decided to make the Panama Canal apart of his legacy as president and he became a project sponsor. Roosevelt was a standard project sponsor unlike De Lesseps, Roosevelt gave management to others and providing engineering was one of the greatest additions to the …show more content…

George Goethals took John Stevens role, Goethals was an engineer with prior experience on smaller projects.

Project resources came from people factors as explained in the PERIL database. During John Stevens leadership after learning from the French past experiences Stevens felts that project success needed motivated, healthy, and productive work force. Before leaving Stevens was able to establish food, housing, organized, equipped work force with a plan.
Gorge Goethals agreed with Stevens view on motivation and in addition he wanted commitment to the project. Goethals build morale in the project, created a weekly newspaper calling it the Canal Record, the paper gave up to date progress on the project as well accomplishments and feedback on the project which created health competition as team members worked hard to get the name printed in the paper. Goethals held metal ceremonies for team member who put in 2 years of work, in addition Goethals had an open-door session for questions.
Although Goethals was a great motivator the greatest motivator came when the project sponsor and Sitting President Theodor Roosevelt came to visit. Roosevelt returned to the US and was able to make the people believe in the

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