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Project Management ++

 
Started by : Balkrishna Gupta, Project Lead, Infosys   11 13 2008 13:52:47 +0000
Industry : Management & Strategy ConsultingFunctional Area : Project Management(Technology)
Activity:  36 views;  last activity : 07 06 2010 20:18:09 +0000

What are some of the things you've done when inheriting a "distressed project" that helped turn a negative situation into a positive one? The purpose of this thread is to develop a mini-knowledge base of good tips and techniques that we've found handy, so that it can be of value to others....

 
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1 2 3
1 Look as a Brand New Project
2 shoot out the reasons ...
3 Giving half end projects, a new angle...

Look as a Brand New Project

idea posted by Balkrishna Gupta Project Lead, Infosys
I could say kill the projects that need to die. Some projects are troubled because they should never have been launched or never allowed to continue. It is important to end those rapidly. I sometimes like to look at a distressed project as a brand new project. We have a team and we may have some partial deliverables, but I try to look at the project with fresh eyes. I check the quality of the deliverables completed so far. I look at the quality of the plan. Often times we throw out the old plan and create a new one from scratch, starting from today. We plan out a new project, how to get from what we have now to some useful ending point. Sometimes we come up with new project goals.
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by Sujit Nimje, Project Lead, HP  | 11 13 2008 13:56:14 +0000

My argument is "should we kill or cure this project". Review the claimed business benefits and make sure they are sound. If people are claiming they can reduce headcount ask them who they are planning on making redundant. Then review what the full cost of the project will be by the time you have replanned it and delivered it. When you have both numbers review the benefits against the cost of the project being completed and if the benefits don't greatly outweigh the costs then kill the project off., If the benefits do outweigh the costs then you have a good base to move forward using the revised plan and benefits case and strong project management...

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shoot out the reasons ...

idea posted by abhisek padha technical head, Imerge Solutions

at first i thik to find the reason for distresed project.. from my past exp i think the reason are may be like

  1. Sortge of skilled manpower
  2. environment is not suaitble 
  3. wrong estimation when the project was started.
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Giving half end projects, a new angle...

idea posted by Puneet Maurya Project Lead, Aftek

The points which Mr. Gupta and Mr. Abhishekh pointed out clearly points out the mistake is from our side because of which the project became unsuccessful. But whatever be the reason of its incompleteness. Truth is, now it is dead. But still we should not forget that already we have spent a lot of amount on these projects. We cannot just give up like that. I mean, if we close this suddenly, the time, energy and money we spent on these will go in vain. Thus, I can suggest why not to give these half completed projects, a new angle, maybe we have to spent little bit more amount, but still we will be saved from the loss of money and time we might have faced by closing the project. And It will get its sales one day. Nothing remains unsolt, maybe we not get our dream price, but that will be better than losing money in vain...

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Nice insight Tercy...with so much benefits..i'll try this one out, and it is a great way to unwind i guess....
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