Episode 16 — Project Recovery and Turnaround Part 2

ANDY CROWE ● BILL YATES ● NICK WALKER NICK WALKER: Welcome to Manage This, the podcast by project managers for project managers. Every two weeks we get together to talk about what matters to you as a professional project manager. We cover what it takes to get certified, what it takes to do the job of project management. I’m your host, Nick Walker. And beside me are our in-house experts, Andy Crowe and Bill Yates. They are project managers for project managers. They instruct other project managers and those working to become one. So, guys, last time we talked about projects that are in trouble. And we want to catch the trouble before they go up in flames. We talked about a lot of ways to do that. So let’s recap just a little bit and then go forward and talk about how we get to the end and really make this project a success. ANDY CROWE: You know what, Nick, this is something we need to be talking about in the project management community. So the approach that most companies take is they say, well, we’re going to look at ways to never get in this situation. But the truth is over two thirds of projects come in over time and over budget, and they don’t meet the critical success factors. They don’t hit that target, that elusive butterfly of success. They never capture it in their net. And so what do you do if you’re in that situation? And to be honest, I’ve taught and mentored PMs before who live in that situation, so it’s not an unusual thing. It’s just difficult to talk about. NICK WALKER: Two thirds of projects. That’s an amazing statistic. ANDY CROWE: Yeah, the actual numbers are worse than that. But we’re going to be happy and say two thirds. BILL YATES: And it’s a reality. So why not get tooled up in learning how to do this part of my job as a project manager? And we, you know, the first session we talked about the first step is identifying that, identifying when I’m in a project that is in serious trouble, so how to detect it. We talked about smelling the smoke and looking at the canary. ANDY CROWE: Yeah, Bill liked the more intuitive approach, and I advocated for the data-driven approach. But those two meet, absolutely. Those two intersect. BILL YATES: Absolutely. NICK WALKER: And then we have to come up with just the correct approach. And there are a couple of different ways to go there, too. BILL YATES: Yeah. Some companies, they go with the tiger team, the parachute in the expert that’s me to come fix everything. And then what we really focused on more was the do-it-yourself, the you are leading a project. You’ve determined that it is in serious trouble. So what are you going to do about it? NICK WALKER: And I loved how you emphasized so much the need to try to keep calm because intuitively this is the time that you’re going to be the least calm, perhaps. BILL YATES: Yeah. You’ve gone to that “in case of emergency” box. You’ve busted it open, and you’re trying to calm yourself down so that you can actually lead the team with competency and professionalism. ANDY CROWE: Right. We talked about last time nobody’s at their best leading out of fear. NICK WALKER: And then there was that aha moment for me where we talked about trying to move forward, but in order to do that you’ve got to move backward before you do. BILL YATES: Right. Yeah, you have to do root cause analysis. You have to fully understand what is the problem. Maybe, to Andy’s point before, we’ve got some reports that have shown some troubling trends. We have the data in front of us. Now we’ve got to roll our sleeves up, get into it, and figure out what is causing us to miss our milestones. Why are our budgets suddenly blowing up? Why are all the errors and defects suddenly cropping up where they weren’t before? ANDY CROWE: So Bill, let me ask you a question in starting us off in the next step here. You’re dealing with a lot of different dynamics. Some of those may, we talked about the last time,