Project Review & Recovery

36% of an organization’s projects are at risk of failure.*

Accord­ing to research find­ings from GT Solu­tions’ Strate­gies for Project Recov­ery research.

With so much at stake, fast action is the key to avoid­ing loss­es asso­ci­at­ed with project fail­ures.

GT Solu­tions’ project recov­ery experts begin by review­ing of the pro­jec­t’s cur­rent state to iden­ti­fy the areas in jeop­ardy. Com­mon areas of con­cern often include issues with scope, resource avail­abil­i­ty and/or capa­bil­i­ty, roles and respon­si­bil­i­ties, and project mon­i­tor­ing and con­trol. We will present our assess­ment to the senior lead­er­ship team rec­og­niz­ing the pro­jec­t’s accom­plish­ments to date, while call­ing out the major issues that caused it to veer off track. A cor­rec­tive plan is pro­vid­ed as part of this pre­sen­ta­tion.

Once the plan is accept­ed by the orga­ni­za­tion, our recov­ery experts will lead the turn­around ini­tia­tive, or you may choose to have us men­tor your project team through the recov­ery process.

Com­mon Symp­toms of Trou­bled Projects

  • Crit­i­cal issues in meet­ing mile­stones or com­plet­ing deliv­er­ables
  • High risk of non-deliv­er­ing antic­i­pat­ed ben­e­fits
  • Resources are not ful­ly allo­cat­ed to the project
  • The project is con­sis­tent­ly behind its planned sched­ule
  • They are crit­i­cal and/or sig­nif­i­cant­ly grow­ing tech­ni­cal issues with the project

Top 5 Actions Tak­en to Recov­er Projects

  • Improv­ing com­mu­ni­ca­tion, stake­hold­er man­age­ment
  • Redefin­ing the project—reducing the scope, re-jus­ti­fy­ing the project finan­cial­ly
  • Adding and/or remov­ing resources
  • Resolv­ing prob­lem­at­ic tech­ni­cal issues
  • Replac­ing the project man­ag­er or bring­ing in a con­sul­tant to man­age recov­ery