TROUBLED PROJECTS

  1. Troubled Projects – The recognition and management of Troubled Projects represent one of the most unique situations in the spectrum of project management challenges. Specialized skills and approaches are required in order to achieve successful outcomes. M&M will post a series of observations and recommendations regarding the recognition, recovery and resolution associated with Troubled Projects.
  2. Troubled Projects –A Troubled Project may be considered as being a project that may not achieve a successful outcome. Modern project success criteria centers on project completion / delivery that is: Within allocated time duration; within budgeted costs; Achieving requisite performance level(s); and is Acceptable to the Customer / Buyer.
  3. Troubled Projects –A Troubled Project is expected to, forecasted to, or otherwise may not achieve one or more of the project’s success criteria / objectives. Typical success criteria are project completion / delivery that is: Within allocated time duration; within budgeted costs; Achieving requisite performance level(s); and is Acceptable to the Customer / Buyer.
  4. Troubled Projects – Call to Action Basically, a Troubled Project is one that is reasonably expected to not achieve its Business Case objectives. Managerial action is needed to enhance the possibility of achieving these Business Case objectives. This managerial action may be summarized is the three R’s – Recognition, Recovery and Resolution.