Posts Tagged ‘Recovery Plan’
The Hidden Costs of Project Delays: Why Recovery Plans Matter!
Every project manager has been there – watching helplessly as schedules slip, budgets balloon, and stakeholders grow increasingly anxious. Project delays aren’t just inconvenient scheduling hiccups; they’re business-critical events that can make or break organizations. Whether you’re a contractor struggling to maintain cash flow or an owner watching potential revenue evaporate, the ripple effects of…
Read MoreRevisiting Planning Bases and Assumptions: A Crucial Step in Project Recovery Planning
In the world of project management, unforeseen challenges and setbacks are almost inevitable. Despite detailed planning and rigorous execution mechanisms, no project is immune to disruptions, delays, or cost overruns. A critical part of addressing such challenges is crafting a well-structured recovery plan to bring the project back on track. However, a key aspect that…
Read MoreAddressing Root Causes of Delay: The Essential Foundation for Recovery Plans in EPC Projects
In the complex world of Engineering, Procurement, and Construction (EPC) projects, delays are almost inevitable due to the intricate interplay of technical, logistical, procedural, and contractual factors. Therefore, the knowledge and skill in addressing the root causes of delay are the essential foundation for recovery plan development and project delivery.
However, when a project experiences a setback, the natural inclination of the parties involved is to quickly propose a recovery plan, targeting immediate progress. While this approach may seem practical on the surface, it often overlooks the cornerstone of success in recovery planning: addressing the root causes of delay.
Read MoreWHY DO WE DO THIS TO OURSELVES?
Why do we do this to ourselves? We did something that yielded results. We learnt something, applied it, and that resulted in some progress. And then we stopped! I have done it. Have you? While I was planning to write this, my wife, a Nutrition and Wellness consultant, related a story that buttressed the point.…
Read MoreDangote Refinery’s Many Completion Dates
This essay suggests reasons for the many completion dates of the Dangote refinery.
They include scope creep, incomplete scope statement, poorly defined Work Breakdown Structure, poor progress measurement system, and ineffective recovery plan.
Qatar World Cup Stadium and Preserving Project Value
Projects are strategic vehicles for implementing and achieving organizational and national strategic objectives and delivering business value or benefits. Organizations use projects as vehicles for implementing their approved strategic initiatives. That is, projects occupy such a strategically important place that organizations either rise or fall with them. So, learning how to prepare a recovery plan…
Read MoreHow to Prepare a Recovery Plan that Works
Finally, a book that guides you step-by-step through the process of preparing recovery plans that work is here for you.
You no longer have to go through endless rounds of preparation of ineffective recovery plans that do not lead to project recovery. But you will now invest your time doing those things that move the needle for your project, your organization, and your career.
This eBook will introduce you to sure-fire project diagnostic methods and tools as well as potent prescriptions that bring your projects back on track, when applied.
ALL SYSTEMS LOCKED AND READY!
This course is particularly important to us because Google Report, month after month, shows that most visitors to our site were searching for recovery plan related materials. This will terminate the nightmare of many planning engineers, project managers, and project owners.
Read MoreEFFECTIVE RECOVERY PLAN VS GOOD-LOOKING GANTT CHART
The grand illusion of project recovery efforts is the assumption that a good-looking Gantt Chart represents an effective recovery plan.
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