How To Save a Failing Project and When To Walk Away From One?
By Satish Kumar
PMOs and project managers are faced with failing projects more often than they would like to and it often turns out to be a demoralizing experience for all stakeholders. Consequently, it is vital for PMOs to recognize the signs of a failing project and take corrective action before it is too late. In order to engineer a successful turnaround, PMOs and PMs need to watch for certain leading indicators of project failure.
Leading Indicators of Project Failure
Progressive scope creep: While some scope changes may be necessary, constant updates to the project scope indicates that the project sponsor and other stakeholders don’t have their business case buttoned up or the assumptions under which the project was sanctioned are no longer valid.
High rate of churn in project staff: It is normal to have long projects to have planned rotation of staff. Read the Complete Article