Risk Management

4 Ways You Can Swiftly Implement Project Recovery

Project recovery does not always mean you should recall all previous developments and stop current production. The process is to perform course correction with approvals from stakeholders. In this article at PM Tips, get to know the 4 ways you can swiftly implement project recovery.

Effecting a Good Project Recovery

Project failures make headlines frequently. Organizations need to bear the burden of the resultant reputation loss and failure expenses. There might be various reasons behind a project failure but the chief one is the failure to detect risks earlier. “What’s done cannot be undone,” as the famous Shakespearean quote goes. So, below are the 4 ways you can swiftly implement project recovery:

Revise Project Roadmap and Include the Changes: Change is the only constant in this volatile market space, and you must have a buffer for unexpected circumstances. While you cannot plan it all, have a flexible mindset to change project narrative, when required. Major shifts in the operational model or microcosmic change in sponsor roles can cause a butterfly effect. Whatever the situation, your focus should be on the project recovery. Align the project with new corporate objectives. Set new deadlines and ensure resources deliver as committed.

Deploy Immediate Remedies: For project recovery, first, meet all the stakeholders and jot down major milestones. The next step is to identify resources that could close the gap in project performance. This will help the project to come back on track in no time. Additionally, stakeholders will regain confidence in the project’s future. Meanwhile, you have lost a sizeable amount of your time and funding. Decide if you want an extension to deliver original requirements or focus only on chief features.

Deliver Without a Pause: Since you have successfully implemented project recovery, deliver without dwelling in the past. Do not spend your time convincing people that had given up on its recovery. Acknowledge the fact that the right skills do not always have the right mentality. Restructure stakeholder responsibilities when you revise the project roadmap.

Consider Recovery Dependencies: Project recovery depends on the importance of the project. Resource availability and sponsorship support are necessary factors for speeding up the process. Removing project risks without going over the damage control can worsen the situation. So, gradual redressal is required.

To view the original article in full, visit the following link: https://pmtips.net/article/how-to-ensure-a-successful-project-recovery

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Indrani Roy

Indrani Roy is currently working as a Content Specialist for CAI Info India. She has knowledge in writing blogs, product descriptions, brand information, and coming up with new marketing concepts. Indrani has also transcribed, subtitled, edited, and proofread various Hollywood movies, TV series, documentaries, etc., and performed audio fidelity checks. She started her career by articulating a knowledge base for an IT client, and, eventually, went on to create user manuals and generate content for a software dashboard. Writing being one of her passions, reading books is naturally her favorite pastime. When not lost in the world of letters, she is a foodie, movie buff, and a theater critic.

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