OVERVIEW

With project failure rates ranging from 50% to 70%, it is essential for organizations to swiftly identify when a project is at risk and take immediate action to steer it back on track. The “Assessing and Recovering Troubled Projects” course provides a clear and practical framework for recognizing and addressing failing projects, ensuring a successful turnaround.

Attendees will be taken through the key steps of:

• How to know when your project is failing
• Audit & Report on the actual project problems
• Determine the root causes for the problems and develop a solution
• Negotiation of recovery proposal
• Final project re-execution and implementation

In addition, the program will conclude with “What to do right the first time”. Many of these points will be apparent throughout the main part of the course but a summary is critical. Attendees will receive useful and usable advice for setting up robust, successful projects. The course will cover the three main areas of project problem cause namely People, Process, and Technology thereby providing a rounded and thorough overview throughout the key steps defined above.

PROGRAM OBJECTIVE

• Identify Early Warning Signs: Recognize key indicators that signal project failure to take proactive measures.
• Optimize Workflows: Learn to eliminate unnecessary tasks and streamline project processes for efficiency.
• Enhance Decision-Making: Equip yourself with strategies to assess technology solutions and make informed project continuation decisions.
• Resolve Conflicts Effectively: Develop skills to address conflicts between business goals and technology implementation.
• Empower Stakeholder Communication: Master the art of interviewing and communicating with stakeholders to uncover root causes of project issues.

OUR DISTINGUISHED TRAINER

Tony Evans

• Extensive Experience: Over 40 years in Financial Services and IT, with 20+ years managing large-scale projects, including the Y2K initiative with a $28 million budget and over 200 personnel.
• Leadership in International Projects: Successfully directed project and program management in Asia (Japan, Malaysia, Australia) and taught Project Management courses across multiple countries, including Thailand, Singapore, and India.
• C-Suite Expertise: Served as Chief Operating Officer and Chief Financial Officer for a major Australian Financial Services player in Japan, facilitating company mergers and strategic business developments.
• Significant Cost Savings: Achieved $50 million in annual savings through restructuring efforts in the Japanese sales organization of a Canadian insurance company.
• Interactive Training Advocate: Developed and delivered engaging training programs on Leadership, Communication, and Project Management best practices, fostering practical skills and real-life applications for project success.

HIGHLIGHTS OF THIS MASTERCLASS

CASE STUDIES

Attendees will be exposed to real-life case studies that clearly illustrate how problems occur and remedial actions taken to get the respective project back on track. Other case studies illustrate what
can happen if problems are left unresolved. These case studies will include:

The new Denver International Airport baggage handling system that resulted in a $560 million budget excess.

A Department of Motor Vehicle project that made poor initial technology decisions greatly affecting eventual outcome.

A simple study showing how metrics that look good can be so misleading and what metrics provide the “real” view.

A Bank merger that required remedial action to re-align work ensuring project success.

A key insurance project that having failed twice before was successfully resurrected achieving the Sponsor’s requirements.