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1-800-THE-TREE (1-800-843-8733)
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Recovering Troubled Projects
Course: 921
Type: RealityPlus
Duration: 3 Days
You Will Learn How To
- Develop an effective framework to recover failing projects
- Plan and perform an objective assessment of the project status
- Create the recovery plan to get the project back on track
- Integrate the recovery plan into the existing project environment
- Monitor and evaluate the recovery plan to ensure success
- Effectively close the project and leverage the lessons learned
Course Benefits Every organization has projects that are behind schedule, over budget or failing to meet stakeholder expectations. Project managers who have the critical skills to effectively analyze and determine appropriate solutions to address troubled projects are more equipped to lead these projects to successful completion. This course provides the tools, techniques, best practices and checklists to develop an assessment and recovery strategy for troubled projects.Who Should Attend Project managers and team members who want to learn how and why projects fail, and how to recover projects in trouble. Project management knowledge at the level of Course 296, "Project Management: Skills for Success," is assumed.An ongoing case study throughout this course offers experiential activities that allow you to identify the causes of failing projects and effective strategies for recovery.
- Determining the root causes of project failure
- Creating an assessment plan
- Extracting key information from project documentation
- Applying recovery techniques to address stakeholder concerns
- Writing an assessment report
- Building a recovery plan
- Introducing the recovery plan into your project environment
- Monitoring the recovery plan with checklists, templates and job aids
- Capturing and integrating lessons learned for organizational benefit
Course 921 Content
- Determining early warning signs
- Highlighting key areas of concern
- Linking failure points to the project life cycle
- Applying the five Ws to the baseline project charter
- Focusing resources appropriately
- Optimizing probability for project success
- Structuring the recovery process
- Establishing a decision-making framework
- Recommending options: recover, pause or terminate
- Identifying the appropriate data source
- Schedule
- Budget
- Quality
- Risk
- Personnel
- Interviewing individuals and groups
- Performing documentation review
- Interpreting existing documentation
- Performing Strengths, Weaknesses, Opportunities, Threats (SWOT) analysis
- Reviewing objectives for Specific, Measureable, Achieveable, Relevant, Time-bound (SMART) criteria
- Detecting trends in your information
- Observing and evaluating team dynamics, roles and responsibilities
- Stating the problem and determining options
- Securing a decision from the stakeholders
- Ensuring correct team composition
- Bringing the team together
- Fully engaging the project sponsor
- Determining minimum success criteria
- Establishing time parameters
- Estimating expected level of change
- Modifying quality as appropriate
- Validating project tracking and change control
- Implementing the risk management process
- Reactivating the issues and action register
- Confirming the detailed schedule with meaningful milestones
- Confirming the completeness of the recovery plan
- Presenting the recovery plan to stakeholders
- Obtaining authority to proceed
- Adhering to the schedule
- Tracking change, issues and action
- Monitoring quality to ensure product functionality
- Managing risk to maintain project stability
- Actively communicating project status
- Diagnosing team status
- Maintaining positive morale
- Confirming resources are properly allocated
- Tracking team productivity
- Confirming expectations and acceptance criteria
- Keeping stakeholders up to date
- Insulating team from outside pressures
- Continuous capturing of key learning points
- Updating your early warning checklist
- Highlighting key events to avoid future pitfalls
- Documenting benchmarks for improvement
- Articulating advantages for your organization
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