Recovering Troubled Projects

Practical skills and best practices for managing projects “in trouble” or “off track”

This seminar provides an overview of rapid assessment and project recovery processes. These techniques are very similar to taking the time to plan the project correctly in the first place: (1) developing an assessment and recovery charter, (2) planning the assessment and recover, (3) executing the plans, (4) monitoring and controlling the transition to stabilize, and (5) avoiding reoccurrence.

Learning outcomes

Attending this course you will be able to:

  • Understand why projects get into trouble, or fail,
  • Understand communication basics, including effective listening
  • Create a communication plan
  • Understand performance reporting
  • Identify lessons learned
  • Discuss corrective action using self-discovery in facilitated workshops as well as by exploring examples from other enterprises
  • Recognize troubled projects early and involve stakeholders in the assessment and recovery planning
  • Implement effective project risk planning, control and reporting for good communication
  • Plan, identify and manage risk through interactive project teams

Topics

Introduction to managing troubled projects

  • Unique features of a project
  • Reasons why projects get in trouble
  • The concept of rapid trouble assessment and recovery
  • Definition of risk
  • Risk management planning
  • Organizational ingredients for effective project and risk management
  • Five basic functions of project management
  • Roles of the project and risk manager

Workshop 1: Working in groups you discuss factors that create success in some of your projects or trouble/failure in others.

Workshop 2: Evaluate organizational support for projects using the Assessment Inventory of Organizational Support for Project Management©.

Trouble projects: Rapid assessment and recovery

  • Charter assessment
  • Assessment Plan: development and execution
  • Recovery Plan: development and execution
  • Effective project planning: time and cost estimation, scope definition
  • Five basic project planning elements and “behaviors” for minimizing risk
  • Definition of project objectives, agreement with clients and stakeholders
  • WBS development for “task control”
  • Project organizations for “accountability/ownership”

Scheduling and budgeting a project

  • Development of realistic schedules for “communication”
  • Differences in phasing and paralleling (fast tracking)
  • Gantt charts and modern networking techniques
  • Gantt charts (e.g. MS Project) in management reports for early risk detection
  • Allocation and balance of resources
  • Performance baseline budgets for control
  • The performance baseline

Project risk control techniques

  • Principles of progress monitoring
  • Risk control in scope, schedules and budget
  • Activity-based performance measurement, earned value
  • Variance control

Workshop 3: Structure and organize a project for low risk. Forecast risk of completion time and cost at the end of the project.

Project risk management

  • Risk: likelihood vs. severity
  • Risk policies, methodology, and processes

Risk management planning and identification

  • Risk activities: inputs, tools, outputs for good risk-management planning
  • Risk processes in such organizations as PMI, NASA, Software Engineering Institute, and Management institutions
  • The project management method and risk process
  • Sources of risk in projects
  • Methods to identify risk (cause/effect, FMEA, Ishikawa diagrams, and “fishboning”)

Risk analysis and risk responses

  • Risk analysis approaches
  • Risk as a tradable resource
  • Risk response planning
  • Methods to handle risk

Workshop 4: Identify the risks and develop a risk response plan for your project

Risk monitoring and control

  • Information availability in advance of the risk’s occurrence
  • Audits, risk reviews, trigger dates, and earned value analysis for forewarning
  • Plans and corrective actions
     


 

 


 

 

Information

Course Code P5087
Department Vocational Training
Instructor Dr. David Adkins, PMP
Instruction Languages EN
Level Intermediate
Prerequisites Basic knowledge on project management tools
Who should attend Project managers, senior executives, project directors, executive managers
Certificate of AttendanceYes
Certification Track PMP
Continuing Education Credits 16 PDUs
Offered OnlineNo
Available to Buy OnlineNo
Partner Institution Business Management Consultants
Last Update At: 2014/02/04 - 09:11:42

  

Worth Visiting 

 Hellenic American Union

Business Management Consultants

PMI Rep Logo

The PMI Registered Provider logo
is a registered mark of the
Project Management Institute, Inc.

 

Quality Standards

ISO 9001:2008 Certified

ISO

Operations and Vocational Training

Where to find us

Massalias 22, (7th floor)
10680 Athens
Telephone:
Business Programs: 2103680907, 2103680927
Fax: 2103633174
Email: project@hau.gr,
http://projectmanagement.hau.gr

 

 

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