Best Practice Overview
Projects fail for a myriad of reasons, most notably for communication and issues related to lack of execution planning. Oftentimes, with the right approach, project specific issues can be quickly identified and resolved with limited impact on key deliverables and major milestones.
Our Project Recovery and Intervention best practices are defined elements of a proven methodology focused on identifying key recovery deliverables that will positively impact the path of the project. Experience has taught us that a sound and successful recovery approach requires a holistic perspective resulting in solutions that impact Project Management, Practical Design Basis, Execution Planning, People Management, and Organizational Culture.
The methodology and its best practices are designed to realign and redirect projects that exhibit telltale signs of distress. This practical approach has been time tested on project and program recovery efforts of all types and sizes for a global client base avoiding project failure and saving organizations millions of dollars in direct cost and cost avoidance.
Best Practice Implementation Considerations
The application of actions within a recovery process will differ depending on your organization’s requirements and the project-program type. Initial focus areas typically include:
• Assessment of the project’s original goals and expectations
• Current state of the project’s goals and expectations and their constraints to execution
• Functional Mapping of the required vs existing roles and responsibilities
• Assessment of the project’s Execution Planning elements and strategy alignment to goals and expectations
• Assessment of salvageable objectives vs project schedule tradeoffs
• Realignment of a targeted execution strategy for scope, cost, and schedule, control
• Stakeholder agreement on realigned execution approach
• Training, mentoring, coaching and oversight services
• Formal project closeout and organizational lessons learned process
Best Practice Summary
The longer a project exists in a distressed state, the probability of unintended consequences affecting the project increases, resulting in impacts including major cost and schedule overruns, attrition, team demoralization and myriad impact across organizational strata. Our team of senior experts are versed in identifying execution constraints and developing and implementing recovery best practices for specific project requirements; restoring progress, expectations team esteem and organizational success.