Project Smart ~ Exploring trends and developments in project management today

Calendar icon
Adobe PDF icon

Project Management Tips: Master the Restart

~ By PMAlliance

Computer keyboard keys Ctrl, Alt and Delete

Many projects delayed by the sour economy will eventually bubble back to the surface. The landscape may have changed drastically since shelving the project, so a thorough reassessment of the projects parameters is in order.

1. Objectives

Don't assume your original objectives are still valid. Changes in organisational structure, head count, locations, collaborators, competitors and market all have the potential to affect your objective picture. Examine each target against today's needs, and adjust accordingly.

2. Schedule

Your original timeframe may have been based on factors that are no longer relevant. Contemporaneous projects, budget cycles, stakeholder expectations, availability of contractors, lead time for materials, regulatory deadlines and other external drivers may have shifted. Consider today's climate and modify the schedule where appropriate.

3. Budget

Look for internal as well as external budget pressures. Determine the dollars at your disposal in today's landscape, and remember that changes in other project deliverables and metrics will likely affect your budgetary needs. Modified objective, the strength of your team and resource availability can all have a bearing on the amount of money required to successfully complete your project.

4. Resources

Vendors may have left the marketplace or merged with other companies, and the cost or availability of materials and equipment could be vastly different than when you started. Thoroughly review your resource list to determine how the projects budget and timeframe will be affected.

5. Stakeholders

Personnel changes or shifting alliances within your stakeholder group may have resulted in a loss of strategic support. Now is the time to find a new champion, or to consider modifying the projects parameters to retain support of key individuals.

6. Team

Evaluate the state of your team. Have you lost members? Are there critical skill sets you're now missing? Filling gaps in any project-specific competencies could affect your budget, so determine your strengths and weaknesses early.


PMAlliance, Inc. is a project management consulting, project management training and project office development company.


Comments

Be the first to comment on this article.

Add a comment



(never displayed)



 
2000
Enter the word five backwards.
Notify me of new comments via email.
Remember my form inputs on this computer.

10 Golden Rules for New Project Managers

Head filled with words, plan, think, strategy

Today dozens of new project managers will start their first project, a daunting prospect. Here are my tips for surviving life as a project manager.

How to Deliver Project Status

Close-up of a businessman's hand with a gilded pen writing a document

This article recommendations how to deliver project status to management and the project team that you will hopefully find to be very effective.

10 Steps to Finding a Project Manager

Blond female job applicant handing over her CV to a smiling businessman

Hiring a good project manager means you can sit back and relax knowing that the project tasks are being taken care of in a professional, productive and profitable manner.

10 Steps to Setting SMART Objectives

Measuring tape showing number 10

Setting SMART objectives to guide your team is important for a leader to get right. Badly formulated objectives will steer a team in the wrong direction.

PROJECT SMART is the project management resource that helps managers at all levels improve their performance. We provide an important knowledge base for those involved in managing projects of all kinds. With weekly exclusive updates, we keep you in touch with the latest project management thinking.

WE ARE CONNECTED ~ Follow us on social media to get regular updates and opinion on what's happening in the world of project management.


Latest Comments

Muhammed Ayub commented on…
Understanding the Project Management Triple Constraint
- Fri 9 October 8:54am

Emily commented on…
Better Coaching Using the GROW Model
- Wed 7 October 7:03pm

Jeannine Rutledge commented on…
The Project Go/No-Go Checklist
- Wed 30 September 5:21pm

Latest tweets

Psychology for Project Managers https://t.co/pLmcD9yVTo Psychology is present in the everyday life of a project man… https://t.co/jJjpg2j66w about 1 day ago

RT @girlsguidetopm: Learn the 7 steps to earn PDUs fast! https://t.co/j2kvX2c0Qd about 1 day ago

Business Book Reviews • Making It Happen: Reflections on Leadership https://t.co/0qBBpV9LCj about 3 days ago