Failure is not an alternative to success. It could be avoided by observing early signs of warning and executing the right strategies.
In this article at CIO, Moira Alexander suggests that some failing projects have the worth to bounce back only if the PMO and project managers read the early signs of warning beforehand.
PMO Avert Failure
The path between project initiation and failure is short. While not every failing project has the hope to recover, but some can. Often, the PMO loses hope at an early stage when quick fixes may prove rewarding. Here are some easy ways to read the signs and form strategies to beat the mishap:
- Signs of Trouble: It is the responsibility of the PMO to keep a close watch over project progress, without ignoring the emerging signs of issues. The major signs of failure include poor communication, growing conflict, fall in project buy-in, and a frequent slip of deadlines. Instead of analyzing the reasons for failure later, establish seamless communication within teams, avoid conflicts, adhere to deadlines, and aim for improved buy-ins.
- Set Priority: As you build understanding towards signs of trouble, determine the issues that need to be addressed early and support it with appropriate reasons. Track project activities to ensure if all the activities are making sense to project goals. Eliminate the tasks or issues that are having a negative impact on the project.
- Immediate Action: Often action defines the future consequences or results. Therefore, take immediate action to fix or address the issues and recover a failing project. Anything less will not suffice in eliminating the risk of failure. So, assign resources to address priority concerns, review priorities, and closely monitor its progress.
Click on the following link to read the full-length article: https://www.cio.com/article/3268414/project-management/how-to-get-a-failing-project-back-on-track.html