Effective Recovery Project Management
According to the Standish Group’s 2009 CHAOS report, 68% of projects failed, 44% of projects were late, over budget, and/or had fewer than the required features and functions, and 24% were cancelled prior to completion, or delivered and were never used. This is one of the worst project failure rates in a decade!
With statistics like these, it’s just a matter of time before you’re dealing with a project that is spiralling out of control. With each passing day, deadlines are missed and more budget is expended, and yet you are no closer to the finish line. How do you get things back on track? This article will walk you through a straightforward seven-step process for analyzing the project problems, developing a solution, and bringing your project back under control. It’s not as difficult as you may think to recover a failing project if the right steps are taken and the correct decisions are made.
Before you attempt to recover a project, it is important to ensure that you define what “recovery” means in relation to this specific project. Contrary to popular belief, recovery project management (RPM) is not always about “recovery” defined as “fix and finish.”
Instead, “recovery” involves the following:
- Agreeing on what defines “recovery” for this specific
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