Troubled Project Recovery

Name: Troubled Project Recovery
Rating: 4.6 (91 reviews)

Project and Portfolio Management Approach

Created byJamal Moustafaev, BBA, MBA, PMP

Last updated 8/2023

English

English [Auto],Latvian [Auto],

What you'll learn

The Causes of Project Failure
Defining Project Success and Failure
Conducting Project Audit and Analyzing the Findings
Creating, Negotiating and Implementing Project Recovery Plan

Course content

6 sections • 16 lectures • 3h 37m total length

Instructor Introduction and course overview10:23
Identify the causes of project failure, define success, learn troubled project audits and a cost-benefit driven recovery plan with practical case studies.

Project Management Explained14:07
Discover core project management concepts, including project charter, project plan, requirements document, and portfolio management basics, plus a 10 knowledge-area matrix and the three-dimensional constraints of scope, time, and cost.
Project Portfolio Management Explained16:59
Explore project portfolio management, balancing a multi-project mix for strategic fit and value using scoring models, risk assessment, and go/kill decisions across the portfolio funnel.
Contextual Examples9:55
Explore real-world project portfolio management case studies to learn how strategic alignment, resource planning, and scoring models drive value, risk, and portfolio balance across growth, transformation, and maintenance projects.
Conclusions12:04
Explore how project management and project portfolio management intersect in a success–failure matrix. Map on-time, on-budget delivery to value and strategic alignment across nine quadrants, identifying fixable and not-fixable issues.

Common Known Root Causes11:09
Identify root causes of project failure from Standish Group data and industry experts, categorized into pure project management, pure portfolio management, and mixed factors.
Case Examples: Kashagan Oil Field and USS Gerald R. Ford18:09
Analyze Kashagan oil field failures caused by high pressure hydrogen sulfide and harsh Caspian conditions, and USS Gerald Ford’s budget overruns and testing gaps in launch and recovery.
Case Examples: Krestovsky Stadium, Ibaraki Airport, Channel Tunnel11:41
Explore the Krestovsky Stadium, Ibaraki Airport, and Channel Tunnel case studies to show how cost overruns, delays, and corruption derail projects and challenge project management.
Optimism Bias5:32
Identify optimism bias in project forecasting, showing how executives overestimate revenues and underestimate costs, time, and complexity, and advocate independent estimates to counter persistent mispredictions.
Warning Signs7:57
Identify warning signs of a troubled project, including broken commitments, shifting resources, unrealistic schedules, and optimistic sales forecasts, and explore root causes across project and portfolio management.

Project recovery processes and tasks20:17
Explore how to conduct a project audit, analyze findings, and develop a recovery plan, covering project management and portfolio management procedures, stakeholder interviews, and key document reviews.
Documents to Review11:39
Review essential project documents, including the business case, charter, requirements, and stakeholder register, and evaluate risks, alternatives, and language clarity.
Matrix and audit deliverables20:01
Explore the matrix as the cornerstone of troubled project recovery, guiding decisions to kill or salvage, and outline recovery deliverables like the recovery statement of work and project charter.

Project Recovery Plan purpose, TOC, and examples19:20
Explore crafting a tailored project recovery plan by outlining purpose and table of contents, with case studies, to reduce risks and maximize value.
Estimation & Negotiation & Implementation and Course Wrap-up17:14
Establish and negotiate a project recovery plan by applying estimation ranges, best and worst case scenarios, and three to five-dimensional trade-offs across scope, time, and cost.

Requirements

No prior knowledge is required.

Description

Welcome to the transformative course on Troubled Project Recovery, where you will delve into the complexities of project failures and learn how to effectively turn them around. Led by an industry expert, this course provides invaluable insights and practical strategies to rescue troubled projects.

Throughout this workshop-style training, we will explore the causes of project failures, challenge traditional notions of project success and failure, and examine the critical process of conducting troubled project audits. You will gain a deep understanding of how to analyze audit findings and leverage them to create, negotiate, and implement project recovery plans.

The course introduces a revolutionary project success rating model, which will equip you with a comprehensive framework for evaluating and rating project outcomes. By analyzing real-world examples, including the Kashagan Oil Field (Kazakhstan), USS Gerald R. Ford (USA), Krestovsky Stadium (Russia), Ibaraki Airport (Japan), and Channel Tunnel (UK-France), you will gain valuable insights into the root causes of project failures and the challenges faced in their recovery.

This course adopts a practitioner's perspective, emphasizing practical knowledge and real-world experiences. You can expect to uncover tricks, tips, and "guerrilla warfare" tactics employed by industry professionals to navigate troubled project situations successfully.

Join us now to gain the tools and expertise needed to address project failures head-on. Learn how to rescue troubled projects, mitigate risks, and steer them towards successful outcomes. This course is your gateway to becoming a proficient troubleshooter in project management, ready to take on any challenge that comes your way.

Who this course is for:

Experienced project managers
Professionals who are not certified project managers but manage projects anyways
Portfolio and program managers who run projects and supply executives with key information
Directors/managers of PMOs, PPMOs, Projects
Senior managers and Executives who are concerned about the health of their projects

Troubled Project Recovery

What you'll learn

Explore related topics

Course content

Introduction1 lecture • 10min

Defining Project Success and Failure1 lecture • 11min

Project Success4 lectures • 53min

Project Failure5 lectures • 54min

Conducting Project Audit and Analyzing the Findings3 lectures • 52min

Creating, Negotiating and Implementing a Recovery Plan2 lectures • 37min

Requirements

Description

Who this course is for: