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Project Review & Recovery

Course Overview

The consequences of failed projects can be grim. Lost business, lost jobs, and lost opportunity. To put it in perspective, consider this: In just a 12-month period, organizations that average closing $65 million worth of projects will see $30 million of those projects at risk of failing, according to findings from the Center for Business Practices. That means that nearly half of an organization's projects are at risk at any given time, no matter the size of the organization. With so much at stake, early detection and action is key to avoiding the substantial losses associated with troubled projects and project failures.

In this one-day workshop you will be introduced to a comprehensive review and recovery process that helps you identify troubled projects and take corrective action early in the project lifecycle to avoid costly losses and failure. You’ll learn how to identify true root causes of troubled projects through a formal assessment to focus recovery efforts in the right areas. You’ll also learn how to develop a recovery plan that identifies the critical objectives that must be satisfied to complete the project.

Key Outcomes

By the end of this course, participants will be able to:

• Establish a review and recovery process to avoid costly project failures
• Identify the root causes of troubled projects
• Create a project recovery plan
• Describe the steps needed to execute your project recovery plan successfully
• Capture lessons learned from a project review and/or recovery to improve your overall project management capability
• Articulate the critical success factors for successful project recovery

Course Outline

Identifying Troubled Projects

• Identify warning signs of a troubled project
• Describe causes of troubled projects
• Identify factors that lead to status suppression
• Explain the vale of the project review process

List and define the five steps of project recovery

• Identify project trigger points for project review
• Explain the project review process
• List and describe components of a project recovery plan
• Create a recovery plan
• Explain how to integrate the recovery plan with the project plan
• Identify methods to measure and monitor recovery
• Describe the activities and deliverables of a post project review for troubled projects
• Identify critical success factors for project recovery