Prevention and Intervention Strategies for Distressed Projects

Prevention and Intervention Strategies for Distressed Projects

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Despite the project team’s best efforts the project was destined for problems. Sometimes it was the team’s fault and sometimes it was just the roll of the dice. What is important is to protect the project against the unexpected and to have early warning signs in place to minimize the impact of the coming problems. Having a solid risk management plan is also important. These are the prevention strategies. But the inevitable still happens and we are left with a project that is in trouble and we need to save it as best we can. These are the intervention strategies. Forming and executing prevention and intervention strategies are the focus of this chapter.