Project Recovery

• If your project or program is exhibiting the following characteristics then chances are it’s “in trouble”.
• The project is trending significantly over its estimated budget.
• The project is trending significantly over its estimated deadline 
• The project deliverables are being significantly reduced, to the point that the expected business benefits are unlikely. 
•  Dissatisfaction with the performance of the project team.
• Dysfunctional project team relationship

Projects can go off-track for a variety of reasons, including poor up-front estimating, lack of planning, inadequate attention to schedule management, weak change management, lack of risk reviews, etc.

Turning around a troubled project is never easy, but there are techniques that will give you a good chance at success.

If you do not have the internal capability or capacity to turn your project around, then it is worth considering engaging an external specialist such as MetaPM to provide an independent perspective on the state of the project and remediation options for recovery.

Our Project Recovery service gives you the following deliverables.

• Validation as to whether the project is actually in trouble. If it is, we will tell you if minor corrective actions will work or if a major intervention is needed.
• Our analysis of the causes for the problems.
• A Turnaround Plan - our recommendations on what is required for the project rescue.
• Coaching and consulting services to help you implement the Turnaround Plan.

The MetaPM Project Recovery service features rapid recovery in six ‘R’s.

The Project Recovery service is highly tailored to the specific circumstances of the project.

1. Re-establish the goal.
   Act immediately to assume control over the project, energise the team and communicate the recovery approach.
   
2. Review the real issues.
   Perform detailed analysis of the true project issues and points of leverage
   
3. Replan for reality.
   A replan is required to identify a new workbreakdown and schedule
   
4. Reset expectations.
   Once a revised plan has been established, expectations need to be aligned with the new plan
   
5. Relentless communication.
   At all times, communicate until it hurts.
   
6. Reinforce changes and support.
   Once new project control processes have been established, these are supported until stability is achieved
   

If you would like to have a 2 hour discussion of how we can assist in the rescue of troubled projects at your company or if you would like to read a recent case study please contact us now before your project goes over the edge.