Once of the first operational items owners need to get into order when looking at an exit are the business' processes and systems. How well defined these projects are and the quality of their subsequent execution is key to extracting value out of the business.
It is not uncommon for companies to struggle with implementing these big projects, especially systems projects. Sprawling and complicated projects are difficult to execute and the cost of fixing them now will far outweigh the cost of failure.
If you have a project go off course, how should you handle it? How do you avoid it in the first place? Here are a few tips we have used to get projects back on track:
With a steady hand and a disciplined project manager, most struggling projects can be turned around. When in doubt, bring in help. The cost of getting things on track now are far less than the cost of Day 1 turmoil or a disastrous delivery.
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