Online Webinar
Duration: 1 Hour Credits: 1 PDU Category C
Presented by : PmSolutions

Organizations spend a lot of money on projects. In the last year alone, the average firm closed $200 million in projects, according to a just-released study conducted by PM Solutions Research. And more than a third of those projects were troubled. That means $74 million of those projects were at risk of failure. The good news is that project recoveries are common and firms that proactively undertake successful project recoveries report saving $50 million on average per firm.

Whether a troubled project ultimately succeeds or fails depends on the effectiveness of the actions taken to recover these projects. And an effective project manager can play a significant role in mitigating or eliminating the causes of troubled projects.

Specifically, you’ll learn:

• The cost of troubled projects to organizations – how much is at stake
• The root causes of troubled projects – where to focus your efforts on improving
• Case studies on how other companies have successfully recovered projects on the brink of failure
• Key success factors in recovering troubled projects – top five actions most often taken
• The importance of the project manager to the recovery effort

Presenter:
Kent Crawford (LinkedIn profile) is the founder and CEO of PM Solutions, as well as the founder and CEO of the firm’s training subsidiary, PM College. In addition to his executive role, he is an influential member of the project management community, highly respected as a thought leader. He is a sought-after speaker at business conferences worldwide and the award-winning author of The Strategic Project Office, Second Edition.

PDU Category C documentation details:

Process Groups: Executing, Monitoring & Controlling

Knowledge Areas: 4 – Integration 5 – Scope 6 – Time 7 – Cost

• 4.3 Direct and Manage Project Execution
• 4.4 Monitor & Control Project Work
• 5.5 Control Scope
• 6.6 Control Schedule
• 7.3 Control Costs

As a Category C ‘Self Directed Learning Activity’ remember to document your learning experience and its relationship to project management for your ‘PDU Audit Trail Folder’

Click here to view Practical Strategies for Project Recovery