When Your Project Is Going Downhill…

When Your Project Is Going Downhill…

Despite all your efforts, well-laid plans, team support and adequate resources, it is clear that your project is failing. The question is now whether it is better to call it quits or to regroup and try to put it on track again.

What you really need is a mid-term project post mortem with a very clear, objective strategy for making the go/no-go decision.

Here are some guidelines for your analysis:

  • Take a close look at your investments. What can you reduce? Can you eliminate some altogether?

  • Review your goals for the project and establish a new set of objectives in as specific a language as possible so, if you proceed, you will be able to measure progress easily.

  • Break down each goal into action steps.
Now the team can more accurately and confidently evaluate what can be achieved at what cost and what cannot. Then you must decide whether it is better to accept failure and cut your losses or persevere with a better chance at success.

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