It might seem like a hopeless situation when business value doesn’t meet expectations. Here are a few things to look at for potential opportunities for improvement. Revisit your estimates. Compare the estimates used to justify the project to the business results. Opportunities may arise from this, including: Business activities included in project justification aren’t being […]
You have delivered every component of your project, and your project team has started to disperse. It’s time for project closure, right? Not so fast! Here are other critical steps to take before closing your project. Confirm that business value is being generated. A project shouldn’t close until the business acknowledges value. However, some projects […]
Any project may be cancelled due to changing corporate priorities or cost constraints. It can even happen to projects that are running perfectly. If your project is cancelled, here’s what you can do to make the best of the situation. Communicate with your team. Emotions will be high and people will have questions. Talk with […]
Getting pressured by management to deliver a project early is common, so you should be ready for it. It’s important to note that pushing an early delivery doesn’t mean you’re in crisis mode. It’s a risk vs business value balancing act. Here are tips to balance risk and bring in the project delivery date. Cut […]
Guest post by Daniel Stanton, Mr. Supply Chain Main point up front: Project management and supply chain management are both relatively new professions, and they are highly complementary. Supply chain managers have always spent a lot of their time working on projects to reduce costs and increase efficiency. These days, many project managers are learning […]
A slipping schedule, lack of engagement, and cost overruns are common and easy to spot indicators of project trouble. Here are five other early indicators of trouble that aren’t often recognized. Team member hours are less than planned. Hours dedicated to project tasks can fall short due to differing business priorities or lack of confidence […]
Management might put a project on hold because other priorities take precedence or it needs recovery. When it’s time to relaunch, you don’t pick up where you left off. Here’s the sequence of steps to take to relaunch a project: Document what changed. Team members must understand that things will be different. Otherwise, they might […]
Project change requests are a common occurrence. Occasionally, a change request can be extensive, requiring additional analysis. Here are questions to ask to provide the change review board with the information it needs to approve a major change request. Will the change increase project complexity? Organizations often have a standard set of parameters for assessing […]
Project ideas pop up all the time, but that doesn’t mean they are all worth pursuing. Companies want to reap enough benefits from the time and money they spend on projects. To make sure a candidate project is worthwhile, someone needs to complete some prerequisites before the project is launched. Who gets these prerequisites in […]
The dynamics in business could lead to a project budget cut. While it’s disruptive and triggers emotion, the situation isn’t impossible to manage. Here are tips on dealing with a budget cut. Keep calm. You might interpret a budget cut as failure. A budget cut is a business decision, which requires a well-thought out response. […]
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