Practical Strategies for Project Recovery

Posted on 28 Jun 2012

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.

Join J. Kent Crawford, CEO of PM Solutions, for this one-hour webinar to learn what other organizations are doing to recover troubled projects and the significant business results they have been able to realize.

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

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