Topic: The Value of Failure - Learning from the Experience
Even the best Project Managers know that there are far too many outside influences to prevent the occasional failed project. Many projects have failed badly and become very costly to the organizations concerned, but was it the PM? A Project Management System (PMS) is expected to help project managers and the team members to manage their projects more effectively and reduce the risks of failure, does it really? The PM uses the unsuccessful project as a valuable learning opportunity to investigate, document, and share the reasons for the unfortunate event.
In this presentation we will:
- Examine the typical problems in a failed project, the PMS, the organization, and which led to ineffective project management
- Understand what a failed project is and the options for establishing improvement processes, instituting checks and balances procedures, and implementing other types of reforms and innovative changes
- Understand the Project Manager / Business Analyst’s regaining the trust and confidence of managers and coworkers after managing a failed project and steps that can be taken to assist in handling this event