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Saving Troubled Projects: Five Steps to Rapid Recovery

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Details
References
  • Holmes, Allan. “Maine’s Medicaid Mistakes.” CIO Magazine 15 April. 2006.
  • "Latest Standish Group CHAOS Report Shows Project Success Rates Have Improved By 50%." Press Release. The Standish Group: 25 March 2003.
  • "The Standish Group CHAOS Report." The Standish Group. November 2004.
  • Worthen, Ben. “How to Talk to Wall Street.” CIO Magazine 1 January. 2002.
Works Consulted
Timeline
  • 00:00 Abstract
  • 00:24 Introduction
  • 02:50 Defining and Examining Troubled Projects 03:46 Trouble Ahead?
  • 05:38 The Concept of "Rapid" Assessment and Recovery
  • 07:03 The Purpose of Assessment
  • 08:47 Step 1: Defining the Charter
  • 12:05 Step 2: Developing the Assessment Plan
  • 15:58 Step 3: Conducting the Assessment: The Purpose of Recovery
  • 24:20 Step 4: Developing the Recovery Plan
  • 28:20 Step 5: Conducting Recovery 33:42 The ESI Solution
Abstract Before the countless, money-wasting, reputation-busting projects of the world were failed projects, they were troubled projects. This podcast examines the complex, high-stress period of assessment and recovery of such projects and offers five crucial steps for their successful recovery. The steps are presented from the perspective of the recovery project manager (RPM), assigned from outside to rein in a project, but they are applicable to project managers practising "self recovery" as well.
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