Project Recovery Engagement
30 Days Free of Charge
According to a detailed study conducted by PricewaterhouseCoopers, only 2.5% of the companies successfully completed 100% of their IT projects.
Another study conducted by Project Management Institute (PMI), indicated that 14% of IT projects failed completely, 31% didn’t meet their goals, 43% exceeded the initial budget, and 49% were late.
If you believe that your project is in danger of any of these outcomes, Proxet is here to help. We offer a team of experts in project and product management, software architecture, AI/ML and business analysis to help your company identify and fix problems that may lead to complete or partial failure of your project.
Most importantly, our help is free of charge for 30 days. Completely free of charge, with no hidden cost and fine prints.
While this program, among other programs, is part of our long-term sales and marketing strategy, we understand perfectly well how difficult it is to choose reliable partners.
Working with us during this no-strings-attached trial period, you can see our value first-hand and grow to better understand our technical expertise, experience, reliability, risk mitigation capabilities, and management skills. And once we prove ourselves, all we ask is to be considered for future projects.
Major Contributors to Project Failure
Our process. Crisis Management
We start the engagement with the creation of two-people project recovery team:
- Senior Architect
- Senior Project Manager
The team will begin with an assessment which focuses on determining the current real status of the project and the changes that need to be made in people, the product or service specifications of the project, and project management processes in order to improve performance.
The job of the team is to define what other specialists need to be added to the team (e.g. business analysts, product managers, ML/AI specialists, etc.)
The project charter delegates authority to the PRT. Because the PRT team are “outsiders”, it is important at the outset that the project manager (PM) and their team are committed to working with the Recovery Team (RT).
The charter process ensures that this is accomplished before proceeding. In this important first step, you are attempting to identify and agree on a number of critical elements which will be included in the project charter. For example, you need to:
- Define the mission with the sponsor
- Understand the project history and sensitivities
- Establish initial project team contact
- Determine the assessment approach
- Complete the charter and obtain approval
Using this model, the PRT will develop an assessment plan that:
- Is realistic and can be executed to achieve the charter’s objectives
- Will allow for an assessment in as short a time as possible
- Will ensure that accurate findings are produced
- Will minimize project team distraction
This model centers around two areas of activity at this stage: conducting the interviews and analyzing project data. To do this, the PRT will:
- Identify the critical documentation that needs to be reviewed and analyzed
- Identify the stakeholders who need to be interviewed
- Prepare the agenda and interview schedule
The PRT is now ready to execute the Assessment Plan which has three main areas of focus:
- Determining the true current status of the project
- Identifying the major threats, opportunities and problems for the project moving forward
- Establishing an extended team for the recovery effort
Executing the assessment plan includes:
- Conducting the interviews
- Analyzing the data
- Developing a rank-ordered list of findings
The focus of this step is on developing a recovery project plan and assembling an extended team to accomplish the work.
The development of the recovery plan takes into consideration how the PRT will address people and personnel issues, the specific project management processes that will be employed moving forward, and the decisions that need to be made relative to the product/service which is the output of the project.
To clarify, the PRT must:
- Focus on building everyone’s morale
- Deal directly with personnel problems
- Resolve serious leadership problems
- Add people to the project carefully, if at all
In recovery, you must begin with the end in mind. The “end state” the RT is working to achieve is a project that is no longer in recovery. It’s on solid footing with well-defined project control and management system, an achievable plan and a team that can get the job done.
This is accomplished, as in any project, through the process of executing and monitoring and, in this case, absolute focus on the inchstone plan developed.